– There was a boost in overall activity with volumes achieving the 20th highest day of the past 12 months.
– EUR/USD volumes jumped, along with a key bullish day on Wednesday. This signals a further near-term short squeeze.
– High volumes were seen across all JPY currency pairs as investors backed further JPY weakening.
– Further profit taking is likely in NOK/SEK as the break above range highs attracted more than twice the previous day’s volume.
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Barclays