– Yesterday was a light volume day with a distinct yen focus; the top three averages above the one week average were all JPY related.
– USD/JPY posts a two month high on above average volume, which suggests further upside potential later this week.
– GBP/USD is approaching its recent range lows but volume remains light; no signs of short covering so stops below 1.5975 look vulnerable.
-§ EUR/SEK rebounds on very light volume
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Barclays Capital