The US dollar advanced versus the Japanese Yen on Friday\u2019s overnight trading session. The greenback surged 0.17 percent to 83.45 against the Japanese currency in European trading session. The pair USD\/YEN is expected to find support at 83.10 however could witness resistance at 83.97 level which also happens to be day\u2019s high on Wednesday.<\/p>\n
The US dollar traded on strong sentiments and surged versus single currency too. The Euro declined 0.24 percent against the greenback to 1.3576.<\/p>\n
Support and resistance levels for the pair EUR\/USD are expected at 1.3429 and 1.3627 respectively. The single currency remained under selling pressure against the British Pound and Japanese Yen on worries over euro zone\u2019s sovereign debt situation. The Euro declined 0.34 percent versus the British Pound to 0.8385 while fell 0.13 percent against the Japanese Yen to 113.22 in overnight trading.<\/p>\n
The British Pound however surged versus the greenback on stronger United Kingdom\u2019s economic data. According to the official report released in UK the country\u2019s retail sales increased to seasonally adjusted 1.90 percent for the month\u00a0 of January which not only surpassed all expectations which hovered around 0.50 percent but also was substantially high as compared to retail sales growth figure of -1.40 percent in the prior month.<\/p>\n
The Pound Sterling gained 0.24 percent to 1.6213 against the US dollar. The pair GBP\/USD is likely to experience support at 1.5982 while its resistance is expected at 1.6232 levels.<\/p>\n
The British Pound gained 0.38 percent to 135.25 versus the Japanese Yen in European trading session.<\/p>\n