The Yen rises versus its all counterparts on escalating conflict in Libya

By @ibtimes on

The Japanese Yen and Swiss Franc increased today versus their major currencies, amid an escalating situation in Libya (which one of the Petroleum Exporting Countries), pushing investors to get rid of their investment of stocks and high yielding assets, increasing demand for safe heaven currencies like Japanese Yen.

The euro rose today against the dollar during the first half of today's session, and now the pair trades around 1.3774 after recording the highest at 1.3783 and the lowest at 1.3755. The pair faces a support at 1.3715. The daily and four hours momentum indicators show the pair in overbought areas which may favor the pair's decline.

The pound rose today against the dollar during Asian session, trading around 1.6238 after recording the highest at 1.66253 and the lowest at 1.6221. The pair faces a support at 1.6170. The daily and four hours momentum indicators show the pair in an overbought area, which may limit the pair's incline during today's session.

The dollar against the yen fell sharply, and now the pair trades around the 882.12 level, recording a high of 82.45 and a low of 82.10. The pair faces a support at 81.90. The daily and four hours momentum indicators show the pair in an oversold area which may favor the pair's incline.

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