The Japanese yen strengthened against majors ahead of the release US housing starts and jobless claims.

Amid the absence of intervention from the BoJ, the yen is advancing against majors as worries with regard global recovery is prompting investors to resort to refuges. The latest announcements by the BoJ provide clues that policy makers are not in hurry to intervene in FOREX market and may leave it to strengthen till the dollar falls to 80 yen.

The dollar index, which tracks the dollar movements versus a basket of major currencies, is currently trading near the opening price at 82.60.

Today's news is expected to show that housing starts will decline to 185.0 thousands in August from 189.0 thousands in July, while initial jobless claims will drop to 470 thousands last week from 472 thousands.

With regard to the dollar-yen pair, it is showing slight incline on the daily basis, but facing upside pressure from the 4-hour and 1-hou charts. The yen is still hovering near 15-year high against the dollar ahead of the release of US data.

Now, the pair is trading at 83.69 after recording a high of 84.02 and a low of 83.47, while support is seen at 83.00 while resistance is at 84.05.

Turning to the sterling-dollar pair, it is moving south on the daily charts. The pound fell against the dollar after the news showing that trade deficit widened to record in July, while it was not impacted by the rate decision as it matched forecasts. BoE left both interest rate and APF quantity unchanged in September at 0.50% and 200 billion pounds.

The royal pair is currently trading at 1.5390 after visiting a high of 1.5476 and a low of 1.5374, whereas it is expected to move between support at 1.5350 and resistance at 1.5410 for the rest of the day.

Concerning the euro-dollar pair, it is traded near the day's opening at 1.2709 after touching a high of 1.2742 and a low of 1.2663. Governing Council member Yves Mersch said the euro area is on the right track towards maintaining sustainable recovery. His announcement outweighed the negative impact of a European Central Bank Executive Board member earlier announcement that German banks need more capital.

For the rest of the day, the pair is expected to move between support and resistance at 1.2680 and 1.2775 respectively.