– GBP/CAD price uptick has been on weak and decreasing volumes highlighting its corrective nature.
– Despite a holiday in America, volumes were relatively strong just eking into the top quartile.
– EUR crosses have fallen out of favour as price consolidates sideways.
– JPY continues to be the top ranking single currency but a failure of the crosses to dominate the highest volume list points to a lack of interesting in distributing into sideways prices. Ultimately, this points to further JPY weakness.
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Barclays