JPY futures: faces some consolidation

Updated: 1 Nov. 2018 | 09:24

After three consecutive daily drops, open interest in JPY futures markets rose by around 2.2K contracts on Wednesday from Thursday’s final 203,113 contracts, according to preliminary figures from CME Group. Volume, instead, dropped for yet another session, this time by nearly 26.9K contracts.

USD/JPY neutral/bullish near term

The recent daily decline in USD/JPY was amidst rising open interest and shrinking volume, which could allow for some near term consolidation ahead of a potential move higher to the 114.00 handle and above.

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. This website is free for you to use but we may receive a commission from the companies we feature on this site.