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June 21, 2023Against the grain: Markets are broadly down – however – USD/JPY & EUR/JPY have managed to record significant gains to stand out as the market's top gainers. On average, these currencies are subdued, although yesterday's price action saw them recording significant gains.
The leading indices were losing ground — AUD/USD trades at 0.6765 after losing 0.41%. USD/CHF up to 0.8989, gaining 0.13%.
Amid the market gloom, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million.
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.
USD/JPY has gained 247 pips over the past 9 days, and today's session seems to be adding to the current uptrend.
Euro-Yen | +0.34% in mid-session
- Having set a peak of 155.21 around 3 days ago, Euro-Yen is now trading 0.52% below this level.
- Currently up 53 pips today, Euro-Yen is on course to break its three-day losing run.
Euro-Yen is now trading 0.52% away from its significant high of 155.21 first tested 3 days ago.
