Home JPY futures: bearish with caution

JPY futures: bearish with caution

Updated: 4 Mar. 2019 | 07:57

Flash data for JPY futures markets from CME Group noted open interest rose for the third session in a row on Friday by nearly 7.3K contracts from Thursday’s final 198,461 contracts. Volume, instead, dropped by nearly 20.5K contracts.

USD/JPY now targets 112.00

The persistent positive mood in the riskier assets along with increasing open interest keeps the Japanese safe haven under pressure, all leaving the door open for USD/JPY to move to the 112.00 handle and beyond in the near term.

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