– Overall volumes eased back at the end of the week as JPY returned to the top spot in the G10 rankings.
– The jump in activity for USD/JPY and JPY crosses like AUD/JPY points to an escalation of profit taking at the highs.
– USD/CAD buying on Friday saw an uptick in volume which signals investor interest to buy dips after the declining volume down-move of the prior week.
– Friday’s down-move in EUR/CHF was on almost double Thursday’s volume. Selling interest signals that investors are reluctant to break the range.
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Barclays