Home JPY Futures: cautious, further pullbacks not ruled out

JPY Futures: cautious, further pullbacks not ruled out

Published date: 1 Jul. 2019 | 08:42

Friday’s flash data for JPY futures markets noted open interest and volume shrunk by nearly 1.5K contracts and around 17.6K contracts, respectively, adding to the previous drops.

USD/JPY seen higher, focused on risk appetite

Friday’s positive price action in USD/JPY was on the back of declining open interest and volume, which should carry the potential for a U-turn in spot in the near term. However, the US-China truce and subsequent better tone in the riskier assets appears to have removed tailwinds from JPY strength, at least in the near term.

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