– The UK bank holiday prompted very low levels of trading volume.
– GBP and SEK activity was in the bottom ten days of the past year, whilst only JPY managed to generate activity in the top 50 percentile out of the G10 currencies.
– USD/JPY and JPY crosses like GBP/JPY have seen volumes rise on the recent uptick as investors begin to show appetite to sell.
– A decline in USD/CHF activity over the past couple of sessions points to waning investor interest in pushing the pair outside of the recent range.
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Barclays