Over the past weeks, the main concern of forex trading investors is that global recovery is slowing down. These worries have been backed by poor economic data from countries around the world. One of the currencies that has been posting rather consistent gains, however, is the Japanese yen. Due to weak global economic data, investors are turning to the yen as a safe zone. The USD/JPY pair traded at a low of 85.19 and a high of 85.82.

The US dollar was also able to gain against the majors, despite the high jobless claims data from last week. NASDAQ increased by 0.04%, while Dow Jones fell by 0.56%. Gold fell to close at $1,228.8 per ounce, and crude oil fell to close at $73.4 per barrel.

The euro is facing problems as it drops to a five-week low against the dollar. The EUR/USD pair traded at a low of 1.2663 and a high of 1.2833. The pound fell against the dollar and the yen, with the GBP/USD pair trading at a low of 1.5460 and a high of 1.5595.