August 15, 2016. The JPY is the strongest. The GBP is the weakest.
As the week gets off to its start, the JPY is the strongest - gaining most of it's strength during the London session, although let's be honest, the changes are not huge. The GBBJPY is trading near session lows (higher JPY). The pair has changed 0.54% on the day.
The GBP is the weakest with declines against each of the major pairs.
The ranges and changes charts today (see below) show we are off to one of those quiet summer Mondays. All the major currency pairs have ranges well below their 22 day averages (red line in the lower graph). The EURUSD has only a 24 pip trading range for the day with 15 of 24 hours in the book. The GBPUSD range is 62 pips which sounds great compared to the EURUSD but it is still well off the 143 pip average trading range over the last 22 trading days. This week in the UK, inflation and employment reports will be released which will be dissected for Brexit effects. Retail sales will be for July (on Thursday). Inflation data - also for July - will be released tomorrow.
As for today, there is some minor data in the form of the NY empire mfg index for August and the NAHB Housing market index (August). Below is the calendar for your guide.
