In light of advanced data for JPY futures markets from CME Group, open interest rose by just 922 contracts on Friday, reversing the previous drop. On the other direction, volume shrunk by around 19.4K contracts. USD/JPY looks consolidative near term USD/JPY is approaching the 107.00 neighbourhood on the back of the better tone in the risk-associated complex. Unclear direction in both open interest and volume should keep the ongoing rangebound trading unchanged in the short-term horizon, with key resistance at the 55-day SMA in the 107.20 region. 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 AUD/USD technical analysis: Sits near 1-month tops, bulls challenge 50-day SMA FX Street 4 years In light of advanced data for JPY futures markets from CME Group, open interest rose by just 922 contracts on Friday, reversing the previous drop. On the other direction, volume shrunk by around 19.4K contracts. USD/JPY looks consolidative near term USD/JPY is approaching the 107.00 neighbourhood on the back of the better tone in the risk-associated complex. Unclear direction in both open interest and volume should keep the ongoing rangebound trading unchanged in the short-term horizon, with key resistance at the 55-day SMA in the 107.20 region. 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.
