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CME Group’s flash data for JPY futures markets noted open interest rose by nearly 6.2K contracts on Friday and volume followed suit, up by around 31.9K contracts.

USD/JPY faces strong resistance at 108.50

The Japanese safe haven faces extra selling pressure in the near term amidst rising open interest and volume, and could motivate USD/JPY to attempt another test of the key resistance area in the mid-108.00s in the next sessions.