JPY Futures: keeps the cautious tone
|CME Group’s advanced data for JPY futures markets saw open interest decreasing by around 5.5K contracts on Friday, recording the second consecutive drop. Volume followed suit and retreated noticeable by around100.2K contracts.
USD/JPY further upside looks unlikely
The upside mood in USD/JPY will likely be put to the test in the next sessions on the back of declining open interest, volume and prices in the Japanese safe haven. That said, while a potential test of the upper end of the range near 107.00 should not be ruled out, further ‘flight-to-safety’ should exacerbate the demand for JPY and encourage a deeper pullback.
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.