CAD/JPY bounce puts topside in focus - TD

FXstreet.com (San Francisco) - CADJPY climbed to a 4-day high this Friday, having pushed above the 78.00 mark to peak at 78.41, last quoted in the 78.30 area, up 1.9% on the day and down 0.2% on the week as we approach the closing bell in New York.

"We noted yesterday that this market was having trouble deciding which way to move and that while price action looked heavy, support in the 78.60/70 area might ultimately determine whether the CAD slipped or not," says TD Securities. "The sharp bounce in CADJPY today puts renewed emphasis on the topside of the recent range (mid/upper 78s)."