Home JPY futures: bearish note expected to persist

JPY futures: bearish note expected to persist

Updated: 1 Mar. 2019 | 08:32

Open interest in JPY futures markets increased for the second straight session on Thursday, this time by around 7.5K contracts from Wednesday’s final 190.827 contracts. In the same line, volume rose by almost 46.5K contracts.

USD/JPY now looks to 112.00 and above

USD/JPY is extending its march north today and clinches fresh 2019 peaks near 112.00 the figure. Rising prices in combination with increasing open interest and volume opens the door for the continuation of the up trend and a potential test of the 112.00 neighbourhood.

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