EUR/JPY is the biggest mover this week

By: Adam Button

Biggest mover and plenty of volatility as well. The pair is down 130 pips on the week but 230 from Wednesday's high. Looking at the weekly chart alone, it's being pulled in several directions. The multi-year trend is lower, as shown by the channel Since July, however, the pair is up nearly 10 big figures This week, there has been a correction Given all that, a choppy trade up to 104.00/50 seems like the path of least resistance but overall I don't see any great signals in this pair so that might be a sign to fade any sharp moves.