Citi FX Flows Monitor – London Open

Fairly low volumes so far today in G10 FX. USDJPY is easily the most actively traded pair. The contrarian retailers have been out playing again. Yesterday, their initial selling looked well wrong as USDJPY moved up towards 119.00. Today, they have bought into the dip below 117.50.

–    EURUSD: Turnover low; bias 54% in favor of selling
–    USDJPY: Turnover good; no bias
–    EURJPY: Turnover low; bias 58% in favor of selling
–    GBPUSD: Turnover low; bias 51% in favor of selling
–    EURGBP: Nothing of note
—    AUDUSD: Turnover low; bias 52% in favor of selling
–    NZDUSD: Turnover low; bias 51% in favor of selling
–    USDCAD: Turnover low; bias 56% in favor of selling
–    USDCHF: Turnover low; bias 62% in favor of selling
–    EURCHF: Nothing of note

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