In light of preliminary figures for JPY futures markets from CME Group, open interest continued its uptrend on Wednesday, up by almost 3K contracts. Volume, instead, shrunk by nearly 22K contracts, prolonging the choppy performance at the same time.
USD/JPY neutral/bearish near term
Price action around USD/JPY keeps looking to the broader ‘risk-on/risk-off’ trends amidst the ongoing US-China trade war. Erratic activity in volume points to unclear direction in the near term, although persistent increase in open interest could exacerbate a move in either direction.
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.