– With Asia out on holiday, volumes have dropped into the 3rd quartile.
– Interest in JPY weakness was replaced with interest in USD weakness as it continued to decline against a number of currencies, including CAD, GBP and EUR.
– Weakening volume in USD/JPY and EUR/USD suggests a lack of interest in counter trend and ranging movements.
– Despite significant price moves in AUD/USD, NZD/USD and USD/CAD, volumes remain relatively muted, suggesting little real follow through for this week.
Click here to read the full report: Technical Research
Barclays