CME Group’s preliminary figures for JPY futures markets noted open interest extended the downtrend on Wednesday, shrinking by around 2.5K contracts. Volume, on the other hand, reversed the previous drops and rose by around 17.6K contracts.
USD/JPY found support around 109.00
After bottoming out in the 109.00 neighbourhood earlier in the week, USD/JPY is now attempting a bounce amidst a persistent down move in open interest and some choppy activity in volume around the safe haven JPY. That said, further upside momentum is not ruled out and should hinge mainly on US-China trade headlines.
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.