Home JPY Futures: Bullish/neutral near-term

JPY Futures: Bullish/neutral near-term

Published date: 12 Feb. 2020 | 07:27

In light of advanced readings from CME Group for JPY futures markets, both open interest and volume shrunk by just 540 contracts and by more than 22K contracts on Tuesday.

USD/JPY faces strong resistance around 110.00

Tuesday’s inconclusive price action in USD/JPY was accompanied by shrinking open interest and volume in the safe haven yen, all indicative that the upside could run out steam and attempt a near-term consolidation.

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