– On Monday, FX volumes dropped to the 80th percentile – still a strong showing considering that most of Asia was absent.
– JPY and EUR still managed to top the rankings in terms of heavily traded currencies.
– Compared to their weekly averages, though, CAD and Cable were the standouts due to large daily price moves.
– AUD crosses saw light volume with Asia out, and EUR/USD saw little interest as it traded in a tight range.
– With Asia out again today we look for lower-than-average liquidity in AUD, NZD, and JPY on the London open.
Click here to read the full report: Technical Research
Barclays