Home JPY futures: downside limited near term

JPY futures: downside limited near term

Updated: 29 Oct. 2018 | 10:58

Open interest in JPY futures markets dropped by around 900 contracts on Friday from Thursday’s final 206,621 contracts, as showed by flash data from CME Group. On the flip side, volume rose sharply by more than 117.1 contracts, reverting two consecutive drops.

USD/JPY poised for further recovery

Friday’s down move in USD/JPY and subsequent bounce was accompanied by decreasing open interest and a strong rebound in volume, allowing for the continuation of the recovery from recent lows in the near term.

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