Currencies quick out of the gate this morning

Against the current: Markets are down, yet USD/JPY and GBP/JPY have maintained their composure as top gainers. These currencies are typically quiet, but showed up yesterday to record significant gains.

The leading indices are currently lower — USD/CHF up to 0.9139, gaining 0.18%. EUR/USD trades at 1.0889 after losing 0.14%.

While price action maintains a negative bias, United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7.

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 hits 7 weeks and a half low before recovering 68 pips

USD/JPY dropped to 132.15, hitting its lowest point in 7 weeks and a half. It later recovered 68 pips and is now trading at 132.83. In contrast to today's gains, Dollar/Yen has been on a 5 day bearish trend during which it lost 484 pips of its value.

Pound-Yen goes back up to Feb 27 levels, reaching 164.93

While yesterday ended at 164.39, today, Pound-Yen rallied above 164.93 for the first time in 5 weeks and a half and gained 41 pips — now trading at 164.81. Today's gains are adding to Pound-Yen's a 3 day bullish trend, during which it gained a total of 279 pips.