• Overall activity increased, making Thursday a top-ten day for the past year.
• Yesterday was the busiest day of the past twelve months for JPY and the busiest day since 2008 for USD/JPY, while USD and AUD registered their second most active days.
• EUR/CHF volumes increased with the spike lower. The rally in to the close suggests that buyers have the upper hand.
• USD/JPY and EUR/JPY, like EUR/CHF both rallied at the close. The increase in activity warns that the downside is likely limited
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Barclays