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CME Group’s advanced data for JPY futures markets noted open interest and volume rose by around 86.8K contracts and around 4.2K contracts, respectively, on Thursday.

USD/JPY looks further south

USD/JPY broke below he 106.00 mark to fresh YTD lows helped by rising open interest and volume. The move has opened the door for further retracements with initial target now at 105.05, August 12th 2019 low.