JPY futures: upside losing traction
|Open interest in JPY futures markets rose by almost 2K contracts on Monday from Friday’s final 206,788 contracts, according to advanced figures from CME Group. Volume, instead, dropped for yet another session, this time by more than 38.3K contracts.
USD/JPY looks to further rangebound near term
After two consecutive daily advances, USD/JPY is now losing momentum amidst the recent build in open interest and a continuation of the downtrend in volume. Hence, there is still room for further consolidation in the near term.
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