Citi: G10 Flows: Be lucky? Be nimble – Via FXWW Chatroom

We’ve been seeing a fair number of flip flops in flow over the past 24-hours. It looks like we’re stuck in ranges, and many are looking to profit from small moves rather than gang-buster breakouts. 
Small net USD buying has started to emerge, much as USD selling did at this time yesterday. There’s a lot of noise, and not too much action. 
–    EURUSD: Turnover just below average; small bias in favor of buying 
–    USDJPY: Turnover below average; small bias in favor of selling 
–    EURJPY: Turnover average; bias in favor of selling 
–    GBPUSD: Turnover below average; bias in favor of selling 
–    EURGBP: Turnover below average; bias in favor of selling 
–    AUDUSD: Turnover above average; bias in favor of selling 
–    NZDUSD: Turnover above average; small bias in favor of buying 
–    USDCAD: Turnover below average; bias in favor of selling 
–    USDCHF: Turnover so low not worth reporting 
–    EURCHF: zzzzz 

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