April 5, 2016: JPY is the strongest. NZD is the weakest.
A snapshot of the strongest and weakest currencies shows that the JPY is the strongest currency today while the NZD is the weakest.
In Japan data was better for wage earners as average cash earnings rose a better than expected 0.9% Stocks are down broadly leading to risk off sentiment as well. This is also pressuring the commodity currencies as well. The RBA kept rates unchanged but was concerned about the rising AUD.
The USD is higher on the day - rising against most of the majors (but not the JPY). The ranges for the major currency pairs are ok. The USDJPY and AUDUSD have reached what has been their 22-day averages. The JPY cross currency pairs are also above the average ranges.
S&P futures are down 15 points and Nasdaq futures are down about 29 points. In Europe the Dax is down 2.36%. The Eurostoxx index is down 2.18% and the UK FTSE is down 1.38%. It is not a good day in the European equity markets.
US bond yields are down with the 2 year down 2 basis points, while the 10 year is down 3 basis points.
