EUR/JPY is the top performer on the week

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It wasn`t the quiet holiday week that most expect at this time of year in EUR/JPY.

Even with today`s pullback, the pair gained 240 pips on the week and was the best trade.

The gains this week confirm the breakout above the double-top at 111.59 and points to further gains for this pair.

I`m weary of chasing the trade here after a swift rally from 100.50 since mid-November but this is clearly a buy-the-dips trade.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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Adam Button


  1. Ive been patiently waiting for this pair to finally start retracing the move you spoke of from 100.50. What levels do you think this will pull back for a good entry? Im looking at 110 & 108 if im really lucky.

  2. ‘EUR/JPY is the top performer on the week’ = thanks to those japanese politicians, the most ‘transparent’ in the world.


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