Home JPY futures: further decline on the cards

JPY futures: further decline on the cards

Updated: 1 Apr. 2019 | 08:23

Open interest in JPY futures markets extended the choppy activity as of late and dropped by just 467 contracts on Friday from Thursday’s final 155,316 contracts. On the other hand, volume rose for yet another session, this time by 872 contracts.

USD/JPY seen retesting 111.00 and above

The recent offered bias around the Japanese safe haven was on the back of rising volume and erratic open interest, opening the door for further upside in USD/JPY beyond the 111.00 barrier.

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