Despite range-bound trade, Euro-Yen slides 1.28% as worst performing company among currencies
A quick recap of what we saw during this session: markets are mixed with EUR/USD trades at 1.0834 after losing 0.2%. USD/CAD up 0.2%, trading at 1.3393.
This limbo state is reflected by market data published as United States Consumer Price Index came out at -0.1%, while a consensus of analysts was expecting 0%.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Dollar/Yen | –1.13%; session high: 129.43 session low: 127.43
After closing Wednesday at 129.31, USD/JPY dropped to 127.43 today, hitting its lowest point in 7 months during yesterday's session. It later recovered 42 pips and is now trading at 127.86. Dollar/Yen is now trading 13.85% away from its significant high of 150.1 first tested 2 months ago.
-0.95%: weak sentiment sees Pound-Yen posting 0.95% loss
Pound-Yen recovering almost all the way back to 157.91 today, after dipping down to 155.62.
Euro-Yen | Currently down 1.28% at 138.47
As things stand, Euro-Yen is 4.89% away from a significant high of 147.48, first set 2 months ago.