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Open interest in JPY futures markets increased by around 1.2K contracts on Friday. In the same line, volume increased by almost 66K contracts, reverting the previous drop.

USD/JPY looks to test 109.00

Friday’s down move in USD/JPY was on the back of rising both open interest and volume, a sign that could morph into extra JPY strength and a probable visit to the 109.00 neighbourhood in the near term.