JPY Futures: Room for extra gains

Pablo Piovano FXStreet

According to flash data from CME Group for JPY futures markets, traders increased their open interest positions for yet another session on Wednesday, now by just 873 contracts. On the other hand, volume reversed two consecutive builds and shrunk by nearly 12.2K contracts.

USD/JPY eyes a move to 106.00

The downtrend in USD/JPY looks unabated so far this week. Further losses in the pair looks likely in the short-term horizon amidst the persistent increase in open interest.

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.

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