FX markets in mid-year lull as yen volatility dries up

Tax burden falling

The foreign exchange market is in the middle of a significant lull in trading activity as volatility and volumes have dipped simultaneously during July and August for the first time in several years, according to senior foreign exchange traders.

Some major currencies are still moving and sterling bounced last week, following the press conference with Bank of England governor Mark Carney on August 7, during which he revealed interest rates would not rise until unemployment falls below 7%. But the

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