Pip Diddy

Price action in FX was mixed during the morning London session, kicked off by Swiss inflation data & rounded out by elevated Sterling & yen volatility.

Yen pairs barely flinched from yet another set of intervention threats from the Japanese Finance Minister as traders focused on positive wage figures and the BOJ minutes.

The dollar bulls flexed their muscles across the board last Friday despite the release of weaker-than-expected employment numbers from Uncle Sam. What’s up with that?!

The Aussie was the top loser (again) this week, although the other comdolls got a beat-down as well. The Greenback, meanwhile, was this week’s top winner since it gave all its forex rivals the boot. So, what was driving forex price action?

All was calm in the forex front, as traders hunkered down for the upcoming NFP report. Most currency pairs were milling about in tight ranges, but pound and Loonie pairs were on a roller coaster ride.

All eyes on the NFP report! With the monster report only a few hours away, not even the return of Japanese traders from their holidays was enough to provide volatility for most of the major currencies.

Is this the calm before the storm? The Greenback seems to be treading extra carefully ahead of today’s NFP release, but it did get some support from Fed officials’ speeches.

We had some rather wonky price action during today’s morning London session, but it looks like forex traders were mainly turning to risk sentiment again for direction, given that the forex calendar was rather sparse.

The forex bees were barely buzzing today, thanks to many Asian equities markets closed for their respective holidays. So what moved the major currencies?

Economic data from the U.S. came in mostly in the green, but was this enough to keep dollar strength in play? Here’s how it all turned out.