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The strongest and weakest currencies as NA traders enter for the day

Discussion in 'Technical Analysis' started by ForexLive, Jun 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The JPY is the strongest. The GBP is the weakest. The week is off. Lots of stuff going on with central bank decisions including the Fed, BOJ, SNB, and UK, CPI in the US, CAD and UK, AUD employment, NZD GDP, UK gets closer to the Brexit vote. Stock markets are shaky today with the Nikkei down 3.51%. The Dax and Euro Stoxx index are down after Friday's fall and US stocks are expected to open lower as well (S&P down -6 points/Nasdaq -20). That has the flow into the JPY trade as a favorite. It is the strongest currency. The USDJPY got down to below 106.00 for the first time since May 3rd when it bottomed for the year at 105.19.

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