– The bearish move (since March) in AUD/NZD saw an uptick in volume, similar to declines seen over the past year, ultimately warning of a larger bearish backdrop.
– JPY remains a top ranked currency though volumes dropped slightly yesterday.
– The GBP is sidelined for the time being as low volumes plague the market.
– New highs for the year in NZD/USD were accompanied by NZD moving up in ranking amongst highest volumes (in G10) traded yesterday.
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Barclays