JPY futures: neutral bearish short term

Pablo Piovano FXStreet

CME Group’s flash data for JPY futures markets saw open interest declining by around 3.4K contracts on Friday from Thursday’s final 228,117 contracts. On the other hand, volume rose by just 591 contracts.

USD/JPY could attempt some consolidation

USD/JPY continues to grind lower on Monday, extending losses from last Friday against the backdrop of declining open interest and rising volume. That said, further consolidation is expected in the near term, although bearish moves could be shallow.

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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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