The Japanese Yen is grabbing attention during the currency markets, while it continues to move in upside trend versus its major counterparts and the dollar. Despite, the BOJ increased its credit program by 10 trillion yen during the yesterday's emergency meeting, where the Yen is still continuing to raise as investors disappointed from the BOJ not interfere directly in the currency market.
The euro declined against the dollar and during the Asian session, while the pair is trading near last yesterday's closing levels, if the pair breaks the 1.2600 level, then it will face the 1.2520 level. The euro/dollar recorded today a high of 1.22663 and a low of 1.2632, and now is trading around 1.2648. According to the daily momentum indicators there is a possibility of a downside movement, which is supporting the pair to reach the resistance at 1.2600.
The pound fell against the dollar during the Asian session, and today the pair continues its downside movement, recording a low of 1.5438 and a high of 1.5472, and now it trades around 1.5437. The daily momentum indicators show the pair is trading within and oversold area. The support at 1.5360 stopped the pair from extending its decline, inverting its movement to the upside, facing a resistance at 1.5400.
The dollar/yen pair, which dropped today, recording a low of 84.12 and a low of 84.65, and now it trades around 84.16. The daily momentum indicators support the pair downside movement, which might be pushed down to the support 84.00.