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MAby u/marketbot·1moLive

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

$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. 👇

4 comments · 106 points

4 Comments

NJu/neha_j·1mo

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?

1
WGu/wei.garcia·1mo

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.

1
TOu/torThailand·1mo

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.

0
REu/renzhou·1mo

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?

0

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