Against the grain: Markets are broadly down – however – USD/JPY and EUR/JPY have managed to record significant gains to stand out as the market's top gainers. On average, these currencies are subdued, although Friday's price action saw them recording significant gains.
The US dollar is weakening against a basket of currencies — AUD/USD trades at 0.6697 after losing 1.47%. USD/CAD goes up 0.88%, trading at 1.3587.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Nov) released today at 15:00 UTC with a figure of 56.5, while the previous figure was 54.4.
What are surprising gainers?
Surprising Gainers are low-performing assets that have jumped up in a way that is inconsistent with their past behavior and gained more than their expected daily return, thus making them 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 currency pair adds 245 pips or 1.83%
USD/JPY spikes to 136.73 gaining 245 pips.
Strong sentiment sees Euro-Yen posting 1.37% gain
Today's session so far looks to be heading in the same direction — Euro-Yen got off to a strong start by gaining 193 pips (+1.37%), only to run out of steam later in the session around 143.62. Currently, Euro-Yen is trading around the 143.43 level.