– Overall volumes have followed on from the above average levels that were seen at the end of last week, with CHF activity leading the G10 ranking.
– The move lower in USD/JPY is attracting progressively lower daily volumes as investors display a lack of appetite to sell the currency pair.
– EUR/USD volumes ticked higher as price made a new low for the move.
– Low activity in AUD/USD as noted by volumes against its one-week average point to a period of consolidation.
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Barclays