April 7, 2016: The strongest is the JPY. The weakest is the AUD
The JPY is the strongest currency today (by far – it isnt’ even close). The weakest currency is the AUD. The JPY has continued its advance vs all the major currency pairs the day after the USDJPY broke and stayed below the 110.00 level. The market has lost faith in the BOJ ability to jawbone the currency lower. Stocks are also lower which is leading to the Pavlovian reaction to sell all that has a JPY name attached to it. The AUDJPY is the weakest of the pairs falling by 2.16% on the day.