In light of flash data for JPY futures markets from CME Group, open interest rose by the second straight session, this time by more than 3.2K contracts on Monday from Friday’s final 190,315 contracts. Volume, instead, shrunk by almost 16.2K contracts, recording the fifth drop in the last six days.
USD/JPY supported around 109.80
USD/JPY met support around the key 200-day SMA in the 109.90/80 band so far today following a small uptick in open interest. Furthermore, the persistent drop in volume allows for a potential extension of the rebound to monthly peaks beyond 112.00 the figure.
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