– Overall activity was lower on the day but remains above the average of the past year.
– EUR/USD volumes have been on the decline as the down-move begins to fade. Risk is that we are approaching the last throws of the sell-off.
– A jump in activity pushed CAD the top of the G10 rankings on the back of strong up-day in USD/CAD.
– USD/JPY volumes are still declining as price approaches range highs. Any upside break would require high volume to convince us of a sustainable move higher.
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Barclays