The currencies surprising the market today

Against the current: Markets are down, yet USD/JPY & EUR/JPY have maintained their composure as top gainers. These currencies are typically quiet, but showed up yesterday to record significant gains.

The leading indices are slipping — GBP/USD slipping 0.15% and closing at 1.2419. USD/CAD goes up 0.17%, trading at 1.3507.

On the flip side, highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5.

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.

Dollar/Yen | +0.36% in mid-session

USD/JPY rallies 46 pips (0.36%) deep into the session, trading at 132.16.

Euro-Yen | +0.24% in mid-session

• Euro-Yen has managed to gain 3.08% so far this year despite trading at lows around 133.49 previously.
• After closing yesterday at 143.75, Euro-Yen trades at 144.09 today after making its biggest single-day jump of 33 pips (0.24%) since Mar 8.

After closing yesterday at 143.75, Euro-Yen trades at 144.09 today after making its biggest single-day jump of 33 pips (0.24%) recently. This year has been a bright one for Euro-Yen after trading as low as 133.49 and going on to appreciate by 3.08% year to date.