An interesting discovery.
I was working on a 28-pair scanner, and I decided to see what the #'s would look like if I measured the distance percent to the SMA200. You will recognize that this is the same calculation for the JPY pairs that Dennis gives daily; the only difference is that in the 28-pair scanner, I calculate for all 28 pairs, and I don’t separate into specific currencies.
The results are pretty much what you would expect, I think.
Method #1: Separating into individual currencies from JPY symbols, then recombining into best pairs:
Method #2: Simply sorting best pairs from all 28 currencies:
(Disregard the rightmost column of #'s. That’s just the swap.)