JPY futures: rising odds for further decline

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CME Group’s flash data from CME Group noted open interest rose for the second consecutive session on Thursday, this time by around 8.5K contracts. Volume, in the meantime, extended the uptrend and rose by nearly 25K contracts.

USD/JPY upside seen testing the 112.00 neighbourhood

The up move in USD/JPY is expected to continue for the time being amidst rising open interest and volume. That said, the immediate target emerges at the 112.00 region, where is located the so far YTD peak seen earlier in the month.

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