The Australian dollar was the best performer this week while the yen lagged. On the week, the pair gained slightly more than 3% and slapped a hefty bullish engulfing candle on the chart. In pip terms, the pair gained 276 pips but if you were lucky enough to buy it in the early hours of trading on Monday and sell it after NFP, the gains were as much as 440 pips.
AUDJPY weekly
The picture is good but the technical worry is today’s daily candle. The pair is trading in negative territory after spiking more than 100 pips higher to form a potential evening star.
AUDJPY daily
