According to advanced figures for JPY futures markets from CME Group, open interest shrunk for the first time since July 31, now by almost 2.8K contracts. On another direction, volume extended the choppiness and increased by nearly 17.3K contracts.
USD/JPY seen navigating within 105.00-107.00 range
USD/JPY continues to trade in tandem with alternating risk trends. The lack of direction in volume now in combination with the loss of upside momentum in open interest leaves spot to meander within 105.00 and 107.00 for the time being.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.