CME Group’s flash data for JPY futures markets noted open interest shrunk for yet another session on Friday, this time by more than 2.1K contracts, while volume went up by around 37.5K contracts reversing the previous drop.
USD/JPY rebound has extra legs
USD/JPY has recently broken above the psychological 110.00 handle and is extending the bounce further north of the key level. Shrinking open interest around the Japanese safe haven should sustain the continuation of the up move in spot 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. 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.