JPY futures: room for extra consolidation
|Advanced figures from CME Group noted open interest in JPY futures markets increased by almost 4.8K contracts on Monday after two consecutive daily drops. Volume, instead, shrunk for the second session in a row, this time by around 76.5K contracts.
USD/JPY should remain consolidative near term
USD/JPY is so far extending the sideline theme around the 200-day SMA in the mid-111.00s. This scenario is seen extending in the short-term horizon against the backdrop of unclear direction in both open interest and volume.
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.