The yen rose to a seven week high against the dollar, and a three-and-a-half week high against the euro. Meanwhile, the dollar rose to its highest level of 100.21 against major currencies in this week. Manufacturing data in the Eurozone and the UK is so poor , weakening the euro and the pound.
EUR: as the US dollar continues to rise, EUR / USD fell for the third consecutive day to close at 1.0792, down 0.43%. On the technical analysis, the euro’s support against the US dollar is at 1.0780, while the upward resistance is at 1.0840;
GBP: GBP / USD fell for the fourth straight day to close 0.71% lower at 1.2347. On the technical analysis, the upward resistance of the pound against the US dollar is at 1.2370; the downward support is at 1.2260.
JPY: USD / JPY fell for the fourth straight day to 106.11, down 0.40%. On the technical analysis, the USD / JPY upward resistance was at 106.83; the downward support was at 105.62.
