In light of advanced data for JPY futures markets from CME Group, investors trimmed their open interest positions for the second day in a row, now by just 335 contracts. In the same direction, volume shrunk by around 81.3K contracts, printing the third drop in a row.
USD/JPY extra dips remain on the cards
USD/JPY is losing some ground after a positive start of the week amidst shrinking open interest and volume. That said, while the continuation of the sideline theme looks likely in the short-term horizon, occasional drops should not be discarded for the time being.