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Open interest in JPY futures markets rose by 962 contracts on Friday from Thursday’s final 202,341 contracts, according to flash data from CME Group. In the same line, volume rose for the first time after four drops in a row, this time by more than 42.2K contracts.

USD/JPY now looks to 114.00 and above

USD/JPY is up for yet another session after Friday’s bullish move amidst rising open interest and volume. The upside momentum could now extend to the critical barrier at 114.00 the figure and beyond.