– Overall activity saw a marked increase on Thursday as large moves in the EUR helped spur investor activity.
– The overall decline in USD/JPY activity in the past few weeks signals a lack of commitment to the downturn, while increased activity in up-moves highlights an appetite to buy.
– A bearish candle, along with high volume in GBP/AUD, signals exhaustion with the up-move as investors sell into strength.
– Volumes in AUD/USD continue to increase as investors show an appetite to sell.
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Barclays