Home JPY futures: further upside expected near term

JPY futures: further upside expected near term

Published date: 29 Aug. 2018 | 12:18

Flash data for JPY futures markets from CME Group noted open interest dropped for yet another session, this time by more than 1.5K contracts on Tuesday from Monday’s final 186,738 contracts. On the other hand, volume increased by around 5.5K contracts following two consecutive pullbacks.

USD/JPY aims to 112.00 and beyond

USD/JPY continues to consolidate above the 111.00 handle today. The recent move in prices was in tandem with declining open interest and higher volume, allowing for some consolidation ahead of a potential up move to the 112.00 neighbourhood.

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