Flash data for JPY futures markets from CME Group noted investors scaled back their open interest positions by around 3.2K contracts at the beginning of the week, recording the third consecutive drop. In the same direction, volume retreated by around 27.1K contracts, reaching the second drop in a row. USD/JPY next barrier lies at 100-day SMA at 108.20 The up move USD/JPY has surpassed the 107.00 hurdle amidst declining open interest and volume in the Japanese safe haven, opening the door at the same time for a potential correction lower in the near term. The next target of relevance emerges at the 100-day SMA in the 108.20 area and the 5-month resistance line in the 108.00 neighbourhood. FX Street 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 Post By FX Street FXStreet News share Read Next GBP/USD could still move to 1.2450/1.2500 – UOB FX Street 4 years Flash data for JPY futures markets from CME Group noted investors scaled back their open interest positions by around 3.2K contracts at the beginning of the week, recording the third consecutive drop. In the same direction, volume retreated by around 27.1K contracts, reaching the second drop in a row. USD/JPY next barrier lies at 100-day SMA at 108.20 The up move USD/JPY has surpassed the 107.00 hurdle amidst declining open interest and volume in the Japanese safe haven, opening the door at the same time for a potential correction lower in the near term. The next target of relevance emerges… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
