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JPY Futures: Room for further losses

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CME Group’s advanced figures for JPY futures markets noted investors added around 1.3K contracts to their open interest positions on Thursday, resuming the uptrend following Wednesday’s pullback. In the same line, volume rose for yet another session, this time by just 616 contracts.

USD/JPY still eyes a test of 108.30, the 200-day SMA

USD/JPY’s upside met resistance just above 108.00 the figure in the past couple of weeks. Increasing open interest and volume amidst yen weakness opens the door for the continuation of the move up, with the initial target at the 200-day SMA in the 108.30 region.

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