CAD/JPY was the top performer to start the week

The Canadian dollar was easily the best performer on Monday while the yen lagged badly.

There have been some big swings in CAD/JPY this year but it's largely been in a range of 80.00 to 88.00 this year.

In the short term, the pair fell for four consecutive days late last week but stormed back today and recouped more than 50% of the decline.

The 61.8% retracement at 84.22 is the level I'm watching next.

Oil helped the Canadian dollar today and there was also talk of a persistent USD/CAD seller in sparse liquidity.