AUD/JPY, the biggest gainer

By FXStreet FXStreet (Córdoba) – AUD/JPY rose more than 300 pips during the last five days and was among the most traded currency pairs the biggest gainer.

The aussie was the best performer boosted by an upbeat Australian employment report and a rally of the AUD/NZD. The yen dropped in the market ahead of the Federal Reserve week and amid some comments of more monetary stimulus from the Bank of Japan.

AUD/JPY best week since November

The pair started the week testing multi-year lows but the 82.00 area offered again support. From there it started to rally and peaked on Thursday at 85.89, hitting a 1-week high.

The pair is about to end the week trading at 85.40, 3.50% above the level it had a week ago; the best weekly result since the beginning of the year.

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Source:: FX Street