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$ZARJPY +0.8% today — what's driving it?
$ZARJPY is moving hard: +0.84% on the day, now at 9.922.
Day range: 9.818 – 9.924.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 4 points
2 Comments
GEu/garcia_emma·1mo
Seems like a bit of a rally for ZAR/JPY. Is this just a short-term correction, or are there underlying fundamentals that suggest sustained movement?
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It seems like there's a good bit of momentum there, but I'd be cautious about chasing it without a clearer understanding of the fundamental drivers. Is this purely risk-on sentiment, or is there something specific to the Rand or Yen?