Even though markets are flat, EUR/JPY & GBP/JPY are up and make this list of surprising top currencies gainers.
Compared to other currencies, the US dollar is stagnant — USD/CHF trades at 0.9208 after losing 0.21%. GBP/USD up to 1.217, gaining 0.18%.
This limbo state is reflected by market data published as United States API Weekly Crude Oil Stock came out at 14.87 million, while a consensus of analysts was expecting -2.38 million.
What are surprising gainers?
Surprising Gainers are low-performing assets that have risen inconsistently with their past behavior and defied their expected daily return, making them surprising. The following list rates assets according to the difference between expectation and actual return: the greater the difference, the higher the rank.
Pound-Yen | +0.24% in mid-session
The sentiment that generated 185 pips in cumulative gains over the past 6 days was further evident for GBP/JPY. This session seems to remain in the same lane for now — tentatively higher from an earlier low of 160.36, Pound-Yen is up to 160.96 today, adding 37 pips, or 0.24%, to yesterday's closing price of 160.58.
Euro-Yen | +0.17% in mid-session
The sentiment that generated 382 pips in cumulative gains over the past 8 days was further evident for Euro-Yen. As the session continues, it seems to maintain one direction — Euro-Yen trades at 142.16 after gaining 23 pips (0.17%).