CME Group’s preliminary readings for JPY futures markets noted open interest shrunk by around 3.1K contracts on Monday for the first time since November 19th. Volume, instead, increased for the second session in a row, now by nearly 42.5K contracts.
USD/JPY still seen visiting 110.00
The correction lower in USD/JPY on Monday was fuelled by rising trade concerns, although diminishing open interest in the Japanese safe-haven should add to the view that a deeper pullback is unlikely/limited in the short-term horizon. Higher volume, however, could spark some near-term consolidation in the pair ahead of further gains.
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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.