Yen consolidates after a prior significant strengthening

Currently throughout the US session the major pairs along with the dollar and the yen are consolidating so far mainly on pure technical and correctional after yen gained versus most of its major counterparts as rising tensions between Russia and Ukraine prompted demand for haven assets.

Now 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 $1.3184 while recording the highest level of $1.3221 and lowest level of $1.3160, 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 $1.6586 while recording the highest level of $1.6617 and lowest of $1.6567 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 and a weak dollar witnessed throughout the momentum indicators at different time charts the USD/JPY pair is falling slightly to trade around ¥103.70 while recording the highest level of ¥103.89 and lowest levels of ¥103.56.