JPY futures: bullish with caution

Pablo Piovano FXStreet

Flash data for JPY futures markets from CME Group noted open interest clinched the fourth drop in a row on Friday, this time by just 570 contracts. In the same direction, volume shrunk by around 14.5K contracts.

USD/JPY faces strong resistance at 110.00

USD/JPY keeps the march north unabated despite today’s correction so far. The recent down tick in open interest and volume opens the door, however, for some caution as we get closer to the critical 110.00 handle.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD rebounds to 1.3660, USD loses momentum

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Gold holds on to higher ground ahead of the next catalyst

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