Meet the 2 currencies that surprised market participants yesterday

Even though markets traded flat yesterday, GBP/NZD & GBP/JPY went up and made this list of surprising top currencies gainers.

Markets did not have a clear cut direction — USD/JPY gained 0.41% and closed at 140.62. GBP/USD closed the day at 1.2347, having gained 0.21%.

This limbo state is reflected by market data published as data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

What are surprising gainers?

Surprising Gainers are low-performing assets that have risen inconsistently with their past behavior and defied their expected daily return, making them surprising. The following list rates assets according to the difference between expectation and actual return: the greater the difference, the higher the rank.

Pound-Yen | Closed +0.64% at 173.63

• After setting a supportive marker at 144.6 around 7 months ago, Pound-Yen is now trading 19.31% above this level.
• The sentiment that generated 420 pips in cumulative gains over the past 11 days was further evident for Pound-Yen.

Having set a significant low of 144.6 7 months ago, Pound-Yen is trading 19.31% higher.

GBP/NZD | Up 0.52% to 2.0417 yesterday

GBP/NZD continues a 4 day uptrend, gaining a total of 3.21%. GBP/NZD pointed in the same direction yesterday: after ending Thursday at 2.0311, GBP/NZD went up to 2.0437 only to drop back, yet still traded well overall and closed at 2.0417 yesterday.