It was a big week for AUD/JPY as the pair rallied to a five month high. The Australian dollar was the top performer this week while the yen was the laggard. The pair has gained for 7 consecutive days.
This week alone, the pair climbed 2.4% or 2.25 pips.
AUD/JPY daily
I highlighted this pair on March 17. It’s been up nearly every day since.
Now, I still like the upside in the Australian dollar (right across the board) but it’s the right time to wait for a pullback. Somewhere around 0.9400 would be enticing in this pair.
