Pip Diddy

The yen gained pips across the board thanks to a bit of risk aversion and an upward revision to Japan’s Q4 2016 GDP. Here’s what Asian session forex traders were up to!

The Greenback is starting to feel the jitters, unable to establish a clear direction during the New York session when medium-tier reports showed a few weak spots.

Another relatively quiet morning London session today. Although the Greenback did score small victories against its rivals while sterling felt some bearish pressure. Interestingly enough, the biggest mover was the Swissy, since it lost ground to ALL its peers, despite the risk-off vibes.

The Aussie was king of pips during the Asian forex trading session after the RBA kept its interest rates steady for a sixth month in a row as expected.

After a topsy-turvy London trading session, forex price action calmed down as U.S. traders joined the game and there were no major reports released.

Forex price action was relatively subdued and choppy today. However, there was some action, since the euro got slammed by sellers when Juppe announced that he was not running for the French presidency.

Risk aversion was the name of the game during the Asian session, as forex traders priced in new geopolitical jitters and a bit of profit-taking from last week’s dollar rally.

With all that hoopla about the Greenback, some of you probably thought that the Greenback was this week’s main winner. Nope! This week’s champ is clearly the euro. Also, did you know that the Kiwi got whupped this week? How about the other currencies? How did they fare? Well, time to find out!

Most currency pairs were range-bound during the session, likely because traders were waiting for what Fed Chair Yellen and other Fed officials have to say later. The session wasn’t a complete snooze fest, though, since euro and pound pairs were clearly on the move.

The dollar’s price action was a mixed bag of nuts, as profit-taking ahead of the weekend dragged on it against the European and low-yielding currencies, while it continued to rake in pips against the comdolls.