Investing.com - The pound and the euro regained some strength on Thursday, while the USD/JPY gained again against
the yen.
The dollar/yen pairing was at 116.52, down 0.70, or 0.60%. The pound was at 1.2246. The euro is trading at 1.0491.
Forex trading was relatively light during the approach to New Year's day and Monday's market holiday.
Greed seems to be driving Wall Street markets now as the dominant motivating factor, according to CNN's Fear & Greed Index.
According to the metric, the predominant emotion for traders in the market today was greed, at 65% of all
traders. Yesterday, the index closed at 67%. A week ago, and a month ago, greed was the major feeling
for 71% of investors.
A year ago, however, the emotion that dominated the market was neutral. Back then, 47% of traders were neither
fearful, nor greedy, in their outlook.
"For each indicator, we look at how far they've veered from their average relative to how far they normally veer," explains
CNN. "We look at each on a scale from 0 - 100. The higher the reading, the greedier investors are being, and 50 is neutral."