Home JPY Futures: Bounce could extend further

JPY Futures: Bounce could extend further

Updated: 31 Jan. 2020 | 07:37

According to flash data from CME Group, open interest shrunk for the seventh consecutive session on Thursday, now by just 365 contracts. Volume, instead, rose by almost 69K contracts after two daily drops in a row.

USD/JPY expected to resume the upside

USD/JPY dropped and rebounded from the 108.60/55 band on Thursday amidst a small drop in open interest and increasing volume in the Japanese currency. Therefore, and against the backdrop of the better tone in the risk universe, the pair’s recovery should remain in place at least in the near-term horizon.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.