The JPY is the strongest. The GBP is the weakest.

The snapshot of currency changes as North America traders enter for the day, shows that the JPY is the strongest while the GBP is the weakest.

That combination implies the GBPJPY is on the move and indeed it is trending lower and lower and lower. That pair has been consolidating above and below the 100 and 200 hour MAs over the last few days. The price started to move away from those MAs early and have continued below trend line support, the 38.2% and more recently below the 200 bar MA on the 4-hour chart at 143.00 (see chart below).

The changes and ranges snapshot is below. The GBPUSD, USDJPY, NZDUSD have moved close to their 22-day ranges. The EURUSD lags and stays within the narrow confines of the range this week (less than 110 pips this week).

Other markets right now...

  • Spot gold is up $10 to $1254.71
  • WTI crude continues lower after yesterday's OPEC announcement. It is down -$0.58 to $48.32.
  • US stock futures are lower in pre-market trading. The Dow is down -30.0 points. The S&P futures are down -4 points. The Nasdaq futures are down -6.0 points
  • US yields are lower with the 2 year 1.281%, -1.1 bps. The 5 year is at 1.7664%, -2.7 bps. The 10 year is at 2.330%, down -2.4 bp. The 30 year is 2.898% -2.8 bps.