CAD/JPY busts through a huge level

Technical analysis

CAD/JPY broke the double top from the April 2016 and Nov 2016 highs to the best levels since late 2015.

The measured target of the move is something around 104.00.

More broadly, the Canadian dollar continues to hammer into new highs as the market wakes up to a central bank that's hiking with no plans to stop.

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