Home JPY futures: rising odds for a move higher

JPY futures: rising odds for a move higher

Updated: 27 Mar. 2019 | 08:19

Open interest in JPY futures markets shrunk by just 632 contracts on Tuesday vs. the previous day according to flash data from CME Group. In the same direction, volume decreased by around 9K contracts, recording the second drop in a row at the same time.

USD/JPY another visit to 109.70 on the cards

The recent up move in USD/JPY was on the back of shrinking both open interest and volume, removing winds from extra gains in the short-term horizon and opening the door for a probable visit to recent lows in the 109.70 region.

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