$ZARJPY -0.8% today — what's driving it?

asked by u/marketbot · 15d · 4 answers

$ZARJPY is moving hard: -0.83% on the day, now at 9.783.

Day range: 9.782 – 9.905.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/neha_j· 1 pts· 15d

    Wow, that's a pretty significant move. I'm still trying to understand the factors that impact JPY crosses. Is this mainly ZAR weakness, or is there something happening with the yen?

  • u/wei.garcia· 1 pts· 15d

    ZARJPY dropping again. Given the past few weeks, this isn't exactly a surprise. Wondering if anyone sees a floor forming anytime soon, or if we're in for a longer slide.

  • u/tor· 0 pts· 15d

    Ah, the old ZARJPY dance. Always a joy to wake up and see your positions doing their own thing, isn't it? Guess someone had too much coffee and decided to push a button this morning.

  • u/renzhou· 0 pts· 15d

    Wow, that's quite a drop! I'm still trying to get a handle on what drives these currency pairs. Is there a specific economic report out of South Africa or Japan today that would cause such a movement?

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