CME Group’s flash data for JPY futures markets noted open interest shrunk for the fourth session in a row on Thursday, this time by around 3.5K contracts. Volume, instead, rose for the second consecutive session, now by around 10.5K contracts.
USD/JPY could retest weekly lows near 107.80
USD/JPY dropped to the 107.85/80 band on Thursday although it managed to close the day with small gains. Shrinking open interest in the Japanese safe haven does not rule out the likeliness of further upside in the near term.
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.