AUD/JPY is the best trade this month
The Australian dollar is up another 25 pips today to cap an impressive month.
AUD/USD came into August riding a four-month winning streak and had closed out July with an impressive rally to 0.7200 from 0.7000. It started the month with a sideways move and was down month-to-date as recently as last Monday but it finished the month on a six-day winning streak.
It's now at the highest since July 2018.
Looking at the chart, there isn't much standing in the way of a return to 80.00 but don't expect a continued straight line to the upside.
The yen is the worst performer in August, narrowly trailing USD.
