💱🔻Trend Favored G10FX/JPY Downside: Cable FX Macro

**As seen in FX Quotes report 03/17/23, subscribe at cablefxm.co.uk/reports

• Looking at the weekly performance in G10FX pairs we note the trend favored downside vs yen. The lower left quadrant captures currencies posting losses on both last and prior weeks

• However, performance dispersion matters, the AUD led losses the prior week at -3.4%, last week it finished lower by 0.6%. NOK gave in 3.0% to the yen a week prior, followed by this week's 2.9%

• Despite the fact that we saw momentum in yen, the most recent weekly performance saw a capped upside compared to the prior week. 3/9 currencies showed softer performance vs JPY, the rest were down but to a lesser extent