JPY Futures: cautiously neutral near term

Pablo Piovano FXStreet

Investors trimmed their open interest positions by more than 2K contracts on Friday, while volume shrunk by almost 39K contracts, noted advanced data for JPY futures markets from CME Group.

USD/JPY faces further consolidation

USD/JPY’s doji-like candle on Friday leaves the door open for the continuation of the sideline trade in the near term. This view is supported by the persistent choppiness in both open interest and volume.

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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