Home JPY futures: scope for extra weakness

JPY futures: scope for extra weakness

Published date: 8 Apr. 2019 | 07:57

Open interest in JPY futures markets increased for the third session in a row on Friday, this time by more than 2K contracts, according to advanced figures from CME Group. Volume, in the same line, prolonged the erratic performance and also rose by almost 7.8K contracts.

USD/JPY still capped by 112.00

Friday’s uptick in USD/JPY to fresh 3-week highs was accompanied by rising open interest and volume. That said, while further upside remains on the cards, still choppy activity in volume carries the potential to slow the pace of the up move in the near term.

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