The Japanese yen advanced today versus major currencies as shares fluctuated after yesterday's gains, as some Japanese investors are repatriating profits back home in domestic currency. On the other hand, the U.S. dollar slipped against a basket of major currencies as seen by the dollar index ahead of the release of U.S. housing and factory orders data.
The euro-dollar pair continued yesterday's sharp incline on the daily charts but it retreated to 1.4420, after touching a high of 1.4483. Euro zone's CPI released today came in line with expectations so it did not have much impact on the market. The pair recorded a low of 1.4398, whereas the coming support is at 1.4380 and resistance at 1.4483.
The sterling-dollar pair declined on the daily and 4-hour charts. PMI construction inclined but came lower than forecasts; however, it did not affect the pound's movements today. The pair is currently traded at 1.6012 after setting a high of 1.6152 and a low of 1.5986; while the coming support for the pair is seen at 1.5980 and the resistance is spotted at 1.6050.
The dollar-yen pair declined on the daily charts, where the dollar fell to the lowest in 4 weeks against the yen, but facing upside pressure from the 4-hour and 1-hour charts. The pair is currently trading around 92.12 after hitting a high of 92.54 and a low of 91.62; while the pair is currently facing the coming support level at 91.75, while the resistance is spotted at 92.50.