JPY Futures: extra losses in the pipeline
|CME Group’s flash data for JPY futures markets showed open interest rose for the third session in a row on Wednesday, this time by around 1.6K contracts. Volume, instead, went down by almost 38/9K contracts.
USD/JPY now targets monthly peaks at 108.80
USD/JPY has reversed the recent pessimism and started a correction higher sustained by rising open interest in tandem with declining prices in the Japanese safe haven. The shift in sentiment around the US-China trade front is mainly collaborating with the up move, while the squeeze higher carries the potential to test monthly tops in the 108.80 area.
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.