With the session well underway, markets are broadly higher while USD/JPY, USD/CHF, EUR/JPY are slipping. Here are the top losers:
Today's session is well on its way: markets are up as GBP/USD up to 1.1925, gaining 0.72%. EUR/USD goes up 0.32%, trading at 1.058.
Today's rally takes place amid mixed market indicators — Initial Jobless Claims in United States fell short of market expectations (195,000) with a reading of 211,000, continuing the decline from the previous figure of 190,000.
Despite the markets climbing yesterday, some currencies are currently down. Take a look at the Top Losers:
Dollar/Yen | -0.76% in mid-session
After closing yesterday at 137.27, USD/JPY made its largest single-day drop of 104 pips (0.76%) seen recently — now trading at 136.23. This year has been a bright one for Dollar/Yen after trading as low as 115.68 and going on to appreciate by 4.96% year to date.
-0.53%: weak sentiment sees Dollar-Swiss posting 0.53% loss
Dollar-Swiss slides down from 0.941 to 0.936 today, losing 49 pips (0.53%).
-0.4%: weak sentiment sees Euro-Yen posting 0.4% loss
Similar trend today: Euro-Yen crashes after losing 58 pips, breaking down to 144.13.