Home JPY futures: rangebound near term

JPY futures: rangebound near term

Updated: 14 Mar. 2019 | 08:32

CME Group’s flash data for JPY futures markets noted investors added around 10.7K contracts to their open interest positions on Wednesday, while volume also increased by nearly 44.9K contracts, recording the second consecutive build.

USD/JPY seen consolidative for the time being

USD/JPY is now reverting yesterday’s pullback and moves to weekly highs. Choppy performance of both open interest and volume as of late leaves the consolidative scenario unchanged in the short-term horizon.

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