Open interest in JPY futures markets from CME Group shrunk for the third straight session, now by more than 2K contracts on Wednesday from Tuesday’s final 157,145 contracts. Volume, instead, reversed two consecutive drops and rose by nearly 4.5K contracts.
USD/JPY seen consolidative near term
USD/JPY keeps the familiar range so far this week, always tracking the risk appetite trends and the performance of US yields. That said, further consolidation is seen in the short-term horizon below the 111.00 handle and with the lower bound in the 109.70 region.
Share
