Despite markets remaining subdued yesterday, GBP/JPY & USD/JPY recorded sufficient gains to qualify as standout gainers in currencies.
Markets completed a mixed session yesterday while GBP/USD gained 0.59% and closed at 1.2568. USD/CAD was down 0.33% before closing the session at 1.3548.
This limbo state is reflected by market data published as United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3.
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.
Dollar/Yen | Closed +1.75% at 136.24
- Having set a peak of 150.1 around 6 months ago, Dollar/Yen is now trading 10.8% below this level.
- Thursday ended at 133.89; during yesterday's session Dollar/Yen rallied above 136.24 for the first time in 7 weeks, gaining 234 pips and closing at 136.24.
Thursday ended at 133.89; during yesterday's session Dollar/Yen rallied above 136.24 for the first time in 7 weeks, gaining 234 pips and closing at 136.24. Dollar/Yen is now trading 10.8% away from its significant high of 150.1 first tested 6 months ago.
Pound-Yen rises above the 170 level
Pound-Yen made its largest single-day jump of 170 (2.39%) since November 2022, and is now trading at 171.14. Pound-Yen has increased a total of 116 pips over the past 3 days, with yesterday's session contributing to the uptrend.