Home JPY futures: further appreciation likely near term

JPY futures: further appreciation likely near term

Published date: 30 May. 2019 | 08:33

According to flash data from CME Group for JPY futures markets, open interest and volume shrunk by almost 1.5K contracts and nearly 3K contracts, respectively, on Wednesday.

USD/JPY upside appears limited

The recovery in USD/JPY faces a tough hurdle in the 110.00 area. Declining open interest and volume against the backdrop of falling prices in the Japanese currency could allow for a reversion of the current trend, motivating spot to resume the downside in the short-term horizon.

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