Home JPY futures: diminished odds for extra pullbacks

JPY futures: diminished odds for extra pullbacks

Published date: 16 Oct. 2018 | 09:43

CME Group’s flash data for JPY futures markets noted open interest dropped for the sixth consecutive session on Monday, this time by nearly 4K contracts, from Friday’s 223,606 contracts. In the same direction, volume shrunk once again by around 18.3K contracts.

USD/JPY can attempt to consolidate near term

The recent decline in USD/JPY has been on the back of diminishing volume and open interest, all pointing to a probable U-turn in the short-term horizon.

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