💱G10FX Weekly % Performance: Yen Pulls Back
- Rosbel Durán
- Sep 16, 2022
- 1 min read
This week's G10FX Relative Strength chart showed the dollar leading the pack, however, the yen pulled back to peers with all G10/JPY crosses finishing down ex. USD
Yen crosses jumped on the back of a stronger than estimated U.S. Aug. CPI early in the week to give up gains heading into Friday, the dollar held strength finishing up 0.32% to the yen
NOK bottomed the chart with a 2.5% decline to the yen, followed by antipodes. The Norwegian Krone fell 2.6% to the dollar. The Euro was relatively strong this week as it only gave 0.26% to the USD, it had traded 1.5% stronger to the dollar pre-CPI data
The dollar index recorded a gain of 0.8% on the week, following a fall of 0.4%. The BBDXY is set to close the best year since the index was constructed

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