JPY Futures: upside looks limited so far
|Flash data for JPY futures markets from CME Group noted both open interest and volume decreased on Monday by around 1.5K contracts and 20.3K contracts, respectively.
USD/JPY squeeze higher appears on the cards
USD/JPY receded on Monday and tested the 108.30 region on the back of shrinking open interest and volume. The move leaves the door open for a potential retracement in the safe haven JPY and therefore allows for some rebound in spot in the short-term horizon.
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