CME Group’s flash data from CME Group noted open interest rose for the second consecutive session on Thursday, this time by around 8.5K contracts. Volume, in the meantime, extended the uptrend and rose by nearly 25K contracts.
USD/JPY upside seen testing the 112.00 neighbourhood
The up move in USD/JPY is expected to continue for the time being amidst rising open interest and volume. That said, the immediate target emerges at the 112.00 region, where is located the so far YTD peak seen earlier in the month.
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.