Open interest in JPY futures markets from CME Group increased by around 4.6K contracts on Wednesday vs. Tuesday’s final 186,158 contracts, as per advanced figures from CME Group. On the opposite side, volume decreased by around 4.7K contracts after two consecutive builds.
USD/JPY upside capped by 111.30 region so far
USD/JPY keeps the choppy trade well and sound so far this week amidst rising open interest and shrinking volume, which should leave the ongoing consolidation well in place for the time being. Extra gains still face strong resistance in the 111.30 region, where emerges the key 200-day SMA.
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