Markets were flat yesterday, yet GBP/JPY, USD/JPY, EUR/JPY showed impressive gains and made this list of top gainers.
Markets completed a mixed session yesterday, as GBP/USD gained 0.59% and closed at 1.2568. USD/CAD lost 0.33% and ended the session at 1.3548.
This limbo state is reflected by published market data as United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.
Despite yesterday's flat session, several currencies are managing to post notable gains. Take a look at the market's Top Gainers:
Dollar/Yen | Closed +1.8% at 136.31
Dollar/Yen rallied to 136.56, hitting its highest point in 7 weeks; it later lost 25 pips and closed at 136.31. Dollar/Yen is now trading 10.8% away from its significant high of 150.1 first tested 6 months ago.
Pound-Yen | Closed +2.39% at 171.14
The sentiment that generated 116 pips in cumulative gains over the past 3 days was further evident for Pound-Yen. Pound-Yen pointed in the same direction yesterday: Pound-Yen spiked to 171.14, gaining 399 pips.
Euro-Yen | Up 1.69% to 150.08 yesterday
After ending Thursday at 147.59, Euro-Yen rallied to 150.46 yesterday, hitting its highest point in 8 years. It later lost 37 pips and closed at 150.08. Having set a peak of 148.15 around 5 days ago, Euro-Yen is now trading 0.38% below this level.