Home JPY Futures: further rangebound likely

JPY Futures: further rangebound likely

Updated: 26 Sep. 2019 | 07:52

In light of flash data for JPY futures markets from CME Group, open interest rose for the second day in a row on Wednesday, this time by around 3.6K contracts. Volume, instead, extended the choppy activity and shrunk by just 380 contracts.

USD/JPY points to extra consolidation near term

Erratic performance in both open interest and volume in the safe haven JPY would likely leave the consolidative theme in USD/JPY unchanged for the time being. Recent tops in the mid-108.00s should continue to cap the upside, while the 107.30 region has emerged as interim support.

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. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.