– Despite the overall drop-off in activity on Monday, volumes remained above the average of the past 12 months.
– NZD managed to top the G10 daily volume ranking even though it was only its 45th busiest day of the past year.
– The recent decline in volumes for GBP/JPY warns that investors are losing interest in the up-move, as topping candlesticks highlight risk of a pause.
– Activity in USD/JPY and EUR/JPY was at the lowest level so far this year.
Click here to read the full report: Technical Research
Barclays