Despite markets remaining subdued yesterday, GBP/JPY and USD/JPY recorded sufficient gains to qualify as standout gainers in currencies.
Markets completed a mixed session yesterday while GBP/USD ended the session at 1.2823 after a 0.31% gain. USD/CHF gained 0.23% and closed at 0.8937.
This limbo state is reflected by market data published as United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800.
What are surprising gainers?
Surprising Gainers are low-performing assets that have sprung up uncharacteristically with their past behavior and beat their expected daily return, making them surprising. The following list rates such assets in line with the difference between expectation and actual return. The greater the difference, the higher the rank.
Dollar/Yen | Closed +1.15% at 141.88
Having added to its 136 pips increase during 6 days of gains, Dollar/Yen pointed in the same direction yesterday: Dollar/Yen spiked to 141.88, gaining 162 pips.
Pound-Yen | Closed +1.47% at 181.94
- The past 3 months have been positive for Pound-Yen as it added 10.48% compared to its 3-month low of 144.6.
- Pound-Yen is up 264 pips to 181.94, building upon four consecutive days of gains.
- Thursday ended at 179.29; during yesterday's session Pound-Yen rallied above 182.04 for the first time in 7 years, gaining 264 pips and closing at 181.94.
Thursday ended at 179.29; during yesterday's session Pound-Yen rallied above 182.04 for the first time in 7 years, gaining 264 pips and closing at 181.94. Pound-Yen now trading 10.48% above its 3-month low of 144.6.