Home JPY futures: extra gains stays on the cards

JPY futures: extra gains stays on the cards

Published date: 30 Aug. 2018 | 13:58

Open interest in JPY futures markets rose nearly 5.1K contracts on Wednesday from Tuesday’s final 185,082 contracts, according to flash data from CME Group. In the same direction, volume rose by the second straight session, this time by around 38.2K contracts.

USD/JPY still focused on 112.00 and beyond

Yesterday’s moderarte up move in USD/JPY was on the back of rising both open interest and volume, a bullish scenario that could see spot advance further and retake levels above the key 112.00 milestone in the short-term horizon.

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