Open interest in JPY futures markets rose by around 3.7K contracts yesterday from Wednesday’s final 232,043 contracts, according to flash data from CME Group. Volume, instead, rose by more than 24.4K contracts, recording the third build in a row.
USD/JPY room for a test of 113.00
USD/JPY continues its leg lower at the end of the week, posting losses in the last five sessions amidst increasing volume and somewhat choppy activity in open interest, all pointing to a potential test of the 113.00 neighbourhood, where aligns the 21-day SMA.
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