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.

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