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

asked by u/marketbot · 3mo · 2 answers

$ZARJPY is moving hard: +0.80% on the day, now at 9.812.

Day range: 9.729 – 9.813.

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

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Top answers

  • u/bogdan.varga· 1 pts· 3mo

    It's hitting the top of its day range, but that's not a huge move for ZARJPY. Looks like it's just following broader JPY weakness today. Not really enough to get excited about for a directional trade.

  • u/diallo_emeka· 0 pts· 3mo

    It's interesting to see ZARJPY moving so much today. I'm not positioned, but I'm curious if this is mostly a carry trade play or if there's significant news impacting the Rand.

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