Home JPY futures: dips should remain shallow

JPY futures: dips should remain shallow

Updated: 29 Nov. 2018 | 09:42

According to flash data for JPY futures markets from CME Group, open interest dropped by around 1.1K contracts on Wednesday from Tuesday’s final 231,711 contracts. Volume, instead, rose by nearly 20.2K contracts, reverting the previous drop.

USD/JPY still points to 114.00 and above

USD/JPY is extending the leg lower on Thursday following yesterday’s test of the 114.00 handle. The move was accompanied by rising volume and shrinking open interest, signalling some consolidation in the near term although further upside still remains on the cards.

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.