CME Group’s advanced data for JPY futures markets noted investors added almost 6.9K contracts to their open interest positions on Tuesday, recording at the same time the fifth consecutive build. In the same direction, volume partially reverted Monday’s pullback and increased by more than 11K contracts.
USD/JPY poised for another visit of 112.00 and beyond
USD/JPY remains in the upper bound of the recent range, although a clear breakout of the 112.00 handle still remains elusive for the time being. The continuation of the up trend in open interest should sustain the bullish view, although choppy volume may spark some consolidation in the short-term horizon.
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.