JPY futures: scope for extra gains

Pablo Piovano FXStreet

In light of flash figures for JPY futures markets from CME Group, open interest ticked higher for the second session in a row on Thursday, although this time by just 631 contracts vs. Wednesday’s 187,209 contracts. In the same line, volume rose sharply by nearly 45.4K contracts after two consecutive daily drops.

USD/JPY faces a probable test of 110.00

USD/JPY is down for yet another session and rising open interest and volume has now opened the door for a potential re-test of the psychological level at 110.00 the figure.

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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