JPY Futures: remains consolidative near term
|Open interest in JPY futures markets dropped for the second session in a row on Thursday, this time by around 3.1K contracts according to flash data from CME Group. Volume, instead, went up for another session, now by around 5.4K contracts.
USD/JPY could test the upper end of the range
The moderate recovery in USD/JPY was accompanied on Thursday by shrinking open interest, removing some strength from the ongoing rebound. However, the uptick in volume could add to the potential case of a move to the 107.00 area in the short-term horizon.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.