Open interest in JPY futures markets increased by around 2.1K contracts on Friday from Thursday’s final 200,377 contracts, according to flash data from CME Group. Volume, instead, dropped by more than 3.1K contracts.
USD/JPY poised to test 113.00 and above
The rally in USD/JPY remains well and sound so far today. Recent build in open interest and choppy activity in volume opens the door for the continuation of the up move, which now targets the 113.00 handle and above ahead of July 2017 tops in the mid-114.00s.