Home JPY futures: further upside not ruled out

JPY futures: further upside not ruled out

Updated: 18 Mar. 2019 | 08:12

CME Group’s flash data for JPY futures markets noted open interest and volume decreased by around 4.4K contracts and 76.3K contracts, respectively, Friday from the previous day.

USD/JPY still looks to 112.00

The negative performance of USD/JPY on Friday was in tandem with shrinking open interest and volume, removing tailwinds from a potential deeper retracement in the near term, focusing instead on a probable re-test of the 112.00 area and above.

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