The yen rose against the dollar and other major currencies amid growing fears about the future of the EU debt crisis as well as uncertainty about the U.S. economy, which increased demand for the yen as a safe heaven currency.
The euro started today's session with a decrease against the dollar, as the pair trades around 1.4660 after recording the highest at 1.4688 and the lowest at 1.4638. The pair faces a support at 1.4580. The daily momentum indicators show the pair is in an overbought area.
The pound traded lower against the greenback, trading around 1.6364 after recording the highest at 1.6445 and the lowest at 1.6354. The pair faces a support at 1.6310. The daily momentum indicators show the pair is heading to the upside.
The dollar/yen pair decreased during the Asian session, as the pair trades around the 79.87 level, recording the highest at 80.20 and the lowest at 79.74. The daily momentum indicators show the pair is in an oversold.