Open interest in JPY futures markets shrunk by around 1.1K contracts on Monday, recording the second consecutive drop according to flash data from CME Group. Volume, instead, rose by nearly 21K contracts, resuming the upside and reversing the previous drop. USD/JPY could attempt a rebound near term USD/JPY continues to correct lower on Tuesday, although the ongoing appreciation of the yen was on the back of shrinking open interest, noting some short covering behind the move. That said, while a test of the 108.00 neighbourhood should not be ruled out in the near term, a probable rebound has also emerged on the horizon. FX Street 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 Post By FX Street FXStreet News share Read Next Stellar tokens worth of $3.6 million transferred to Kraken. XLM drops below DMA50 FX Street 3 years Open interest in JPY futures markets shrunk by around 1.1K contracts on Monday, recording the second consecutive drop according to flash data from CME Group. Volume, instead, rose by nearly 21K contracts, resuming the upside and reversing the previous drop. USD/JPY could attempt a rebound near term USD/JPY continues to correct lower on Tuesday, although the ongoing appreciation of the yen was on the back of shrinking open interest, noting some short covering behind the move. That said, while a test of the 108.00 neighbourhood should not be ruled out in the near term, a probable rebound has also emerged… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
