Open interest in JPY futures markets rose by just 420 contracts on Wednesday vs. Thursday’s final 230,524 contracts, the third consecutive build according to CME Group flash data. Volume followed suit, up by nearly 19K contracts for the first time after three drops in a row.
USD/JPY looks south and beyond
Yesterday’s drop in USD/JPY was in tandem with rising open interest and volume, pointing to the likelihood of further upside in the Japanese safe haven, in turn exposing the pair to the resumption of the leg lower.
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.