Home JPY futures: decline loses momentum near term

JPY futures: decline loses momentum near term

Updated: 22 Apr. 2019 | 08:12

Open interest in JPY futures markets rose by just 355 contracts on Thursday, recording the seventh consecutive build according to advanced figures from CME Group. On the other hand, volume shrunk by around 4.6K contracts, reversing two consecutive daily builds.

USD/JPY met strong resistance at 112.00

The rally in USD/JPY faces a tough hurdle in the 112.00 neighbourhood for the time being. While rising open interest allow for the continuation of the upside momentum, the latest drop in volume carries the potential to spark some near term correction.

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.