JPY pairs still lower but off the lows
Taking a snapshot of a collection of currency pairs shows that there are a number of pair which are hanging around unchanged. This on a day where stocks are down a bunch and breached the 2014 lows, oil has reached new lows and the CRB index also traded at new lows (see chart below).
The EURUSD, GBPUSD, USDCHF, USDCAD, NZDUSD, EURGBP, EURCHF, GBPCHF, CADCHF, GBPNZD, NZDCAD were all very close to unchanged when I took the below snapshot.
The JPY pairs are all lower but off their lows.
Does it tell us something? Well we are getting a bounce back in the stocks now. A leader? TWTR. Now that might be a good omen for a bottom.
