Euro-Yen is marking a challenging day, withdraws 0.13%
As the trading session gets underway, markets don't have a clear cut direction — USD/CHF holds at 0.89. USD/CAD trades at 1.3376 with no major change.
This limbo state is reflected by market data published as data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 2.95 million, beating projections of -917,000 and showing improvement over the preceding figure of -1.28 million.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
-0.09%: mixed sentiment sees Dollar/Yen currency pair ending the session broadly flat; establishes tight 133.88 to 134.37 range
Dollar/Yen weakened earlier in the day, before moving away from its 133.88 low and recovering back to 134.16.
Pound-Yen | -0.09% to start today's session
As things stand, Pound-Yen is 1.27% away from a significant high of 171.69, first set 10 days ago.
Euro-Yen | -0.13% to start today's session
Having set a peak of 150.86 around 10 days ago, Euro-Yen is now trading 2.25% below this level.