Meet the 2 currencies that surprised market participants Friday

Against the current: Markets slid, yet USD/JPY & USD/SGD went up and made this special list of top gainers. These currencies are usually quiet, but showed up Friday for some interesting gains.

Leading equity indices in the US declined as AUD/USD lost 1.23% and ended the session at 0.6726. USD/CHF closed the day at 0.9412, having gained 0.91%.

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 | Up 1.37% to 136.49 Friday

USD/JPY is on a 13 day bullish run gaining 362 pips (4.17%). Friday's session pointed in the same direction — Dollar/Yen spiked to 136.49, gaining 184 pips.

USD/SGD rallied to 1.3497 for the first time in 7 weeks

Thursday ended at 1.3421; during Friday's session USD/SGD rallied above 1.3497 for the first time in 7 weeks, gaining 84 pips and closing at 1.3505. Friday's gains added to USD/SGD's 13 days uptrend, during which it increased a total of 181 pips.