JPY futures: rebound likely to extend

Pablo Piovano FXStreet

Open interest in JPY futures markets went up by almost 1.6K contracts on Thursday from Wednesday’s final 224,873 contracts, extending the choppy performance, according to flash data from CME Group. In the same line, volume reverted the previous drop and rose by nearly 149K contracts.

USD/JPY supported near 112.30, 100-day SMA

USD/JPY’s drop and rebound from lows on Thursday’s was accompanied by increasing open interest and volume, opening the door for a continuation of the bounce off lows in the 112.30 region, where sits the 100-day SMA.

Author

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.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.