Pip Diddy

Risk aversion and higher bond yields pushed the yen to the top of the pip hill last week. Which catalysts can push it higher or lower this week?

We won’t be seeing a lot of top-tier reports from Australia this week, so it’s likely that we’ll see risk sentiment dictate the Aussie’s price action again.

Kiwi’s price action was all about risk sentiment last week. Will it continue to dictate the comdoll’s price action this week?

The Aussie beat back the Greenback to claim the top spot during today’s morning London session. The Loonie, meanwhile, got stomped lower across the board (again) as oil prices slumped (again).

Price action was a mixed bag of nuts during the Asian session, as traders took some profits off from shorting higher-yielding bets from earlier in the week.

Medium-tier reports from the U.S. turned out mostly weaker than expected, pushing the Greenback lower, along with Trump’s decision to call off the sit-down with North Korea’s leader.

The pound jumped higher when the U.K. retail sales report surprised to the upside. The pound wasn’t the top currency, though, since the top spot actually goes to the Swissy. The Loonie, meanwhile, was under bearish pressure as oil prices slid.

A lack of major economic releases didn’t stop Asian session traders from buying and selling currencies like there’s no tomorrow. What’s up with that?!

The FOMC minutes seemed open to the idea of letting inflation run past the 2% target and having a slower pace of tightening, which forced dollar bulls to take a step back.

The pound got a major beat-down after the U.K.’s CPI report missed expectations. The euro, meanwhile, was kicked lower after the latest batch of PMI reports failed to impress. As for the yen, it was riding high because of the risk-off vibes. Although the safe-haven Swissy also got a piece of the action.