Asian session noticed moderate moves among currencies today, where currencies are trying to compensate yesterday’s noticeably hesitation after Fed’s Bank notes.

Fed’s Bank noted yesterday that it will dramatically cut fiscal stimulus and stop asset-purchase program, which participated in stocks’ falls.

Euro slightly traded today against dollar, where the pair EUR/USD pair closed yesterday’s session near 1.2916, while the GBP/USD pair traded today near 1.5080.

USD/JPY pair fell today after yesterday’s noticeably hesitation, to record low of 102.17 after reaching its lowest yesterday at 100.82.

Japanese yen fell versus euro today, where the EUR/JPY pair recorded low of 132.01, while the GBP/JPY pair fell to 154.12 after hitting its low in three weeks at 151.77.

Australian dollar continue its three weeks series of falls amid the fall of raw materials prices and yesterday’s negative performance in Chinese manufacturing PMI.

AUD/USD pair recorded its lowest today at 0.9659, while the NZD/USD pair fell to record low of 0.8071.

New Zealand’s economy released its trade balance reading concerning the month of April, where the reading recorded an actual fall of NZ$157 million, compared with a previous revised reading of NZ$732 million from NZ$718 million, while analysts’ expectations were NZ$480 million.

Meanwhile, New Zealand’s exports fall more than-estimated in April to record NZ$3.95 billion, compared with analysts’ expectations NZ$4.06 billion, while the previous reading recorded NZ$4.42 billion which revised to NZ$4.41 billion.

At the same time, Imports inclined more-than-estimated to NZ$3.80 billion in April, compared with a previous revised reading of NZ$3.68 billion from NZ$3.70 billion, while analysts’ expectations were NZ$3.60 billion.

U.S. stocks opened and closed with heavy losses as fears over a sooner than expected tapering to the Federal Reserve’s bond-buying program and weak Chinese economic data overcame strong data on jobs market.

The S&P 500 index lost 0.29% to 1650.51 points. The NASDAQ composite index lost 0.11% to 3459.42 points. As of 16:15 New York Time

Losses for the Dow Jones Industrial Average were smaller, as the blue-chip index got a boost from a rally for Hewlett-Packard Co.`s shares after the company’s results beat expectations. HP shares rallied slightly above 11%.

The Dow Jones Industrial Average lost 0.08% or 12.67 points to 15294.50 points.

Benchmark stock indices dropped the most in three weeks on Wednesday, after minutes from the latest U.S. Fed monetary policy meeting showed some members open to an early tapering to the unprecedented bond-buying program.

The minutes came in the wake of comments earlier in the session by Fed Chairman Ben Bernanke, who said the Fed could scale back the pace of its bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.

Also weighing in, China’s flash HSBC Purchasing Managers’ index for May fell to 39.6, slipping under the 50 mark which indicates a contraction for the first time since October 2012.

Jobless claims decreased by 23,000 to 340,000 in the week ended May 18, Labor Department figures showed today in Washington. The median forecast called for a drop to 345,000. Bernanke said yesterday the job market is still weak, one reason why policy makers will continue buying bonds in a bid to keep interest rates low and spur growth.

Major pairs are currently narrow trading throughout the US session as a result of present technical movements taking place within the currencies market despite of earlier sentiments of pessimism spread.

If truth be told pessimism remain spread since yesterday after that the minutes from the latest U.S. Fed monetary policy meeting showed some members open to an early tapering to the unprecedented bond-buying program.

The minutes came in the wake of comments earlier in the session by Fed Chairman Ben Bernanke, who said the Fed could scale back the pace of its bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.

Accordingly the euro is presently narrow trading on the four and one-hour charts as a result of the current technical movements sending in fact the EUR/USD pair to trade up around $1.2933 while recording the highest level of $1.2956 and lowest level of $1.2820, knowing that the pair may incline but slightly as mixed signs are seen throughout the four-hour and one-hour momentum indicators.

As for the British Pound, it is also consolidating on these correctional movements driving the GBP/USD pair to trade around $1.5104 while recording the highest level of $1.5127 and lowest of $1.5012 and is most probably going to remain at consolidated levels as mixed signs; buying and selling, are also witnessed at several time scale within the stochastic oscialltor.

Finally, as a result of mixed signs witnessed throughout the momentum indicators at different time charts the USD/JPY pair is consolidating around ¥101.88 while recording the highest level of ¥103.56 and lowest levels of ¥100.82.