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Yen Crosses top the % Gainers List Today!
By Sean Hyman | March 20, 2009
While the yen crosses didn’t catch their second wind as much yesterday…they are leading the pack this morning with NZD/JPY leading at 2.06% up on the day so far ….AUD/JPY, CAD/JPY and USD/JPY follow.
Also, NZD/USD is towards the top of the list too…so yen is weak, NZD is strong so far this morning. That’s where the momentum is at the moment, intraday.
What’s are the biggest losers? EUR/TRY, USD/TRY, EUR/AUD, EUR/NZD. See a theme here? Euro weakness..is where the negative momentum is at so far today.
CAD Core Retail Sales are still to come out and Bernanke speaks later on this morning too. So watch out for those.
Sean Hyman
Tags: 2009, AUD, blog, cad, Canada, economy, EUR, Euro, forex, forextrading, idea, Japan, jpy, momentum, nzd, retail sales, Sean Hyman, tip, trade, U.S., USD, Yen
Topics: What To Look At In The Market | 2 Comments »
March 22nd, 2009 at 11:06 pm
That’s right, however, the yen has been beat down a lot already.
March 23rd, 2009 at 7:22 am
Yep, and getting even more so, today. Yen selling is pushing the yen crosses on to being the biggest momentum gainers on the day due to yen weakness.
Thanks for commenting. I appreciate it.