Pound led the way, JPY lagged
If you don't mind the odd round of ulcer-inducing volatility, GBP/JPY has been a good trade over the past 14 months. There have been several periods of sharp selloffs and even sharper rises in that time.
At the moment, it looks like the pair could be in the midst of another rip higher. Despite losses on Monday and Friday, the pair gained 230 pips this week.
Technically,, GBP/JPY is threatening the September high of 152.86 -- or at least it was until the Flynn news caused a round of risk aversion.
