JPY Futures: near term rebound looks likely

Updated: 30 Jul. 2019 | 07:42

Flash data from CME Group noted open interest in JPY futures markets shrunk by just 552 contracts on Monday, while volume also dropped by around 4.3K contracts.

USD/JPY stays capped by 109.00

Negative price action in the safe haven JPY coupled with shrinking open interest and volume carries the potential to spark a U-turn in USD/JPY near the key resistance at 109.00 the figure.

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