Against the current: Markets slid, yet USD/JPY and EUR/JPY went up and made this special list of top gainers. These currencies are usually quiet, but showed up Friday for some interesting gains.
Leading equity indices in the US declined as EUR/USD slipped 0.17% and closed at 1.0906. USD/CHF closed the day at 0.9059, having gained 0.12%.
What are surprising gainers?
Surprising Gainers are low-performing assets that soared suddenly, and, inconsistent with their past behavior. To be labelled as a "suprising gainer", the stock must gain more than its expected daily return, thus making it surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
Dollar/Yen | Closed +0.35% at 132.15
USD/JPY rallied 45 pips (0.35%) deep into the session, closing at 132.15.
Euro-Yen | Up 0.22% to 144.07 Friday
- This year has been a bright one for Euro-Yen after trading as low as 133.49 and going on to appreciate by 3.08% year to date.
- Euro-Yen made its largest single-day jump of 31 pips (0.22%) since Mar 8 and closed at 144.07.
Euro-Yen closed at 144.07 after making its biggest single-day jump of 31 pips (0.22%), since Mar 8. Euro-Yen has gained 3.08% since its lowest print of 133.49 earlier this year.