JPY futures: dips appear shallow

Pablo Piovano FXStreet

In light of flash data for JPY futures markets from CME Group, investors added nearly 7.5K contracts to their open interest positions on Thursday from Wednesday’s final 214,360 contracts. Volume, instead, decreased sharply by almost 92K contracts.

USD/JPY aims to 114.00 and above

The upside momentum in USD/JPY is poised to continue following the third consecutive build in open interest, while the recent drop in volume could prompt the up move to somewhat slow its pace. The immediate target remains the 114.00 barrier and above.

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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