Pip Diddy

There wasn’t much in the way of top-tier U.S. reports on Monday so majors took a break from their post-NFP party while Loonie traders priced in BOC expectations.

Europe is starting the week on an upbeat note, and that apparently weighed down on CHF. JPY didn’t seem to mind, though, since JPY was in recovery mode.

The yen was in Loserville today, as it took hits from weak Japanese report, strong NFP release, and overall risk appetite.

The Loonie reigned supreme, despite the slide in oil prices. So, what drove the Loonie higher and how did the other currencies fare?

Today is another NFP Friday, so trading conditions were naturally tight. It wasn’t a complete snooze fest, though, since GBP was tumbling down.

Pre-NFP lull? Not for the BOJ! The central bank got busy as it bought unlimited JGBs to limit their yields.

Weak Wall Street performance and downbeat leading jobs indicators combined forces to drag the Greenback lower against its counterparts.

The higher-yielding NZD got swamped by sellers, thanks to returning risk aversion. GBP and EUR, meanwhile, were in demand. What’s up with that?

High-yielding currencies gave way to the dollar and the yen, as concerns over North Korea and the Fed’s rate hike schedule reigned supreme.

The Greenback was off to a positive start for the U.S. session but the climb didn’t last when the factory orders report and FOMC minutes were released.