CME Group’s flash data for JPY futures markets noted open interest rose for the second straight session, this time by around 3.4K contracts on Thursday. On the other hand, volume reversed the previous build and decreased by around 19.2K contracts.
USD/JPY still targets the 112.00 area
The rally in USD/JPY remains backed by the rebound in US yields, while rising volume in open interest also fuels extra weakness in the Japanese currency. Choppy activity in volume, however, could remove some tailwinds from extra upside, which still targets the key barrier at 112.00 the figure.
Share
