OverviewThe USD/JPY pair has been fluctuating sideways in a tight range since yesterday. According to the chart, the price draws bullish pattern, which signs appear…
Economic calendar is light as markets are about to wrap this trading week – so let’s see where the 8 major currencies stand.
Sterling/Yen plummeted hours into the trading day and the pair has lost a total of point 91%, which is the day’s biggest move.
The US stock indexes have opened in the red and Japanese Yen leads the advancers and decliners table.
Greenback trades mostly higher and it’s just slightly up from the Loonie Dollar, which is the most bullish of the three commodity currencies
Euro Zone current account surplus declined, but not as much as expected and Euro is close to level with the Swiss Franc.
Antipodes trade in a close range and near the bottom of the table. Ozzy Dollar is followed closely by the Kiwi Dollar as overnight New Zealand retail sales didn’t expand as much as anticipated.
UK retail sales disappointed, sending Sterling sharply lower and it’s currently the most bearish of the 8 majors.
Moving on to longer term performance charts, Euro/Sterling has had a bullish week and the pair is up by just point 56%. Sterling/Swissie is the top decliner with a loss of close to 1%.
Monthly advancers table top 3 shows three Ozzy Dollar pairs, all of them have gained close to 1.5%. Euro/Australian Dollar is the most bearish pair with a loss of 1.62%.
I’m Jessica Walker and that’s all for Friday’s Movers and Shakers. Have a nice weekend and tune in on Monday for more on FX. Goodbye.
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