FX Flows – London Update

from Citibank:

Turnover has held up well in Asia, just not in EURUSD. Leveraged names have piled into AUDUSD, but overall we have seen net selling into the rally. The bulk of the supply has come from banks.
–    EURUSD: Turnover low; bias 54% in favor of buying
–    USDJPY: Turnover average; bias 51% in favor of selling
–    EURJPY: Turnover above average; bias 52% in favor of buying
–    GBPUSD: Turnover low; bias 55% in favor of selling
–    EURGBP: Turnover above average; bias 57% in favor of selling
–    AUDUSD: Turnover very high; bias 53% in favor of selling
–    NZDUSD: Turnover good; no bias
–    USDCAD: Turnover below average; bias 57% in favor of buying
–    USDCHF: Nothing, nada, nichts, rien – to report
–    EURCHF: Nothing, nada, nichts, rien – to report

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