Home JPY futures: further retracement remains a chance

JPY futures: further retracement remains a chance

Published date: 22 Feb. 2019 | 09:57

In light of flash data for JPY futures markets from CME Group, open interest rose by more than 1.3K contracts on Thursday, reverting three consecutive pullbacks. In the same direction, volume ticked higher by around 10.5K contract.

USD/JPY has legs for another attempt to 111.00

Yesterday’s bounce off lows in USD/JPY was amidst rising open interest and volume, allowing for a potential extension of the recent gradual uptick with immediate target in the 111.00 neighbourhood.

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