Home JPY futures: appears neutral/bullish near term

JPY futures: appears neutral/bullish near term

Published date: 11 Apr. 2019 | 08:27

Advanced figures for JPY futures markets from CME Group noted open interest rose by 742 contracts on Wednesday, while volume shrunk by around 12K contracts, partially reversing the previous build.

USD/JPY looks contained around 111.00

The recent decline in USD/JPY looks supported around the 111.00 neighbourhood for the time being. Choppy activity in volume leaves the door open for some consolidation in the near term, although the underlying up trend in open interest could sustain a move further south.

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