Rising oil prices and hopes for a global recovery have supported currencies exposed to commodities such as the Canadian dollar. As a result, the yen is falling against major currencies while the pound is appreciating sharply

The yen is at an all-time low against major currencies as the pound soars. The US dollar fell slightly, as optimism about vaccination in the UK propelled the pound to its highest level in almost three years. The pound sterling, which has exceeded 1.39, is driven by expected announcements of a plan to lift restrictions announced for 22 February.
The yen was the worst-performing currency of 2021, with its negative correlation with US Treasury yields proving to be the main weakening factor, but the rise in global equities is also an aggravating factor. It reached a one-week low against the dollar. The Japanese currency also fell to its lowest level in more than two years against the euro and the Australian dollar.
At the same time, the pound is appreciating strongly with EUR/GBP accelerating downward. The pair is expected to reach the support at 0.8670 and if it breaks the psychological threshold at 0.8500. However, the RSI is entering an oversold zone and therefore a rebound or a breath could occur without calling the trend into question