The Japanese yen was extremely weak today. In fact, it was the weakest currency on the Forex market during early Friday’s trading. The yen fell even against the otherwise weak New Zealand dollar. That said, the yen has been trying to beat the Swiss franc and the New Zealand dollar at the time of writing, rising closer to the opening level from time to time.
The Swiss franc fell today as continuously rising yields and risk appetite made investors less interested in currencies considered to be safe. The Swissie lost even to the Japanese yen — another currency considered to be a safe haven. Switzerland’s macroeconomic data was poor, adding to pressure on the Swiss currency.
It looks like the positive market sentiment has been turning around as riskier currencies reversed their previous gains during Tuesday’s trading session, while safer ones recovered. As a result, the Japanese yen gained against almost all most-traded currencies, except for the Swiss franc — another safe-haven currency.
The Japanese yen was mixed today after data showed that Japan’s manufacturing industry slipped into recession last month. Monday’s trading session had no clear trend, except for the fact that European majors were extremely weak, following the Swiss franc in decline.
The Japanese yen was the weakest major currency on the Forex market today as traders did not feel a need for safety, dumping the currency. Surprisingly, the Swiss franc avoided a similar fate despite also being considered a safe-haven currency.
The Swiss franc was the strongest currency on the Forex market today, rising against all other most-traded rivals. That was a very puzzling performance, considering that news neither from Switzerland nor from abroad was positive for the currency.
The Japanese yen was the weakest major currency on the Forex market today, falling against all other most-traded rivals. Domestic macroeconomic data could not be the catalysts for the decline: it was not particularly good but not extremely terrible either. In fact, most of the reports beat expectations.
The Swiss franc logged gains versus a basket of currencies today, getting help from positive domestic macroeconomic reports. Economists do not expect tomorrow’s data to be good, though.
The Swiss franc was soft for the most part today, though it managed to log small gains versus the Australian dollar and the Japanese yen. Better-than-expected domestic macroeconomic data was unable to bolster the Swissie.
Risk appetite reined over markets at the start of the week, driving investors towards riskier currencies and away from safer ones. Surprisingly, the US dollar did not fare that poorly, but the Swiss franc was clearly a victim of the risk-on market sentiment. The only major currency that performed even worse than the Swissie was the Japanese yen.
