Pip Diddy

The yen gave up some ground after Japan printed weaker than expected inflation readings, reminding forex junkies that the BOJ could still dole out more stimulus.

Rally and reverse! The U.S. dollar was off to a strong start but later on gave back most of its intraday gains on profit-taking.

Risk sentiment switched to risk-off, so the higher-yielding currencies and the lower-yielders had a reversal of fortunes. This time, it’s the higher-yielding currencies that got whupped.

Commodity currencies were able to squeeze out some gains during the Asian session thanks to positive reports and an injection of funds from the Chinese central bank.

The Greenback and the pound were the big winners for the day, as traders seemed to shrug off downbeat data from the U.S. and U.K. economies.

Risk-taking was the name of the game during the morning London session, so the higher-yielding currencies got a boost while the lower-yielders, particularly the euro and the Swissy, got whupped.

Weak economic data and market jitters from North Korea’s ballistic missile test launch contributed to safe-haven gains in the Asian session.

The Greenback was all over the place as the lack of top-tier U.S. data left the currency with a mixed scorecard against its forex peers.

Risk sentiment and commodities were apparently driving price action during the morning London session, so battle lines were drawn between the safe-havens and the comdolls.

The dollar was the biggest loser during the Asian forex trading session, as a lack of economic releases encouraged a bit of risk-taking.