CAD/JPY posts its worst month in three years

CAD/JPY was the best trade in February

The Canadian dollar is the worst performer in February while the yen easily leads the way. As a result, CAD/JPY fell more than 6% on the month in the largest fall since January 2015.

The monthly chart shows a strong rejection of 90.00 in January and a double top followed by a sharp decline.

With the nearly 1% drop today, there is now little support until the 2017 low of 80.57.