Home JPY futures: recovery has further legs

JPY futures: recovery has further legs

Published date: 21 Nov. 2018 | 07:55

Open interest in JPY futures markets decreased by nearly 2.9K contracts on Tuesday vs. Monday’s final 226,674 contracts, according to flash data from CME Group. Volume, instead, reverted the previous drop and rose by around 32.6K contracts.

USD/JPY seen advancing to 113.00 and above

USD/JPY is up for the second session in a row today following an uptick in volume while open interest remains erratic for the time being. That said, the pair met support ahead of the 100-day SMA and could now extend the squeeze higher to the 113.00 area.

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