– Daily volumes increased on Monday with commodity currencies achieving one of the top ten busiest days for the past year.
– AUD volumes increased against USD, EUR and JPY as investors sold commodity currencies. AUD/JPY saw the busiest day since late January.
– JPY strengthened further with rising volumes signalling ongoing investor appetite to take profits.
– GBP/USD has seen declining average volumes (20-period) for the past four weeks. Investors are not backing the move higher.
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Barclays