Dollar/Yen is marking a challenging day, moves 0.02%
As the trading session gets underway, markets are mixed with USD/CHF trades sideways at 0.906. EUR/USD holds at 1.0715.
This limbo state is reflected by market data published as United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9.
With markets currently trading sideways, some currencies are taking serious losses. Here is the list of top losers:
Dollar/Yen | -0.02% to start today's session
Having established significant support at 127.75 approximately 4 months ago, Dollar/Yen's share price has bounced 9.22% higher.
-0.02%: mixed sentiment sees Pound-Yen currency pair ending the session broadly flat; establishes tight 172.83 to 174.35 range
Pound-Yen is down to 173.44, after ending yesterday at 173.47. Overall, a 0.02% loss or 3 pips today.
-0.06%: mixed sentiment sees Aussie-Dollar currency pair ending the session broadly flat; establishes tight 0.6581 to 0.6638 range
Now turning against its recent performance, the Australian dollar is down to 0.6617, after ending yesterday at 0.6621. Overall, a 0.06% loss or 3 pips today.