The GBP is the strongest. The JPY is the weakest.
The GBP has gotten a boost in trading today as a result of political certainty (May on her way to the PM spot). The BOE is expected to cut rates this week. We will see how high the rally can take us as a result.
The JPY moved back lower on confirmation that Abe has instructed his government to compile an extra stimulus package. The stock markets are all higher and so are the JPY pairs
Taking a snap shot the trading ranges and comparing them to the 22 day averages shows that the USDJPY and the JPY crosses have the most interest with ranges approaching the Brexit influenced high ranges (remember the Brexit day have skewed the averages higher due to the very high trading ranges on that day). The EURUSD is off to another SLOW start at only 44 pips. Most action is centered in pairs with GBP or JPY in their names.
The snapshot of where the price currently stands in relation to the close from Friday, showes that the JPY crosses are near high levels.
