JPY futures: some consolidation seems likely

Open interest in JPY futures markets increased by more than 2K contracts on Friday from the previous day’s final 227,818 contracts, reverting two consecutive daily drops, according to CME Group. On the other hand, volume shrunk noticeably by around 35.6K contracts, recording the second drop in a row.

USD/JPY appears sidelined below 109.00

USD/JPY’s 2-day up move was on the back of choppy activity in open interest and declining volume. That said, further consolidation looks likely in the short-term horizon, while the 109.00 area is expected to limit the upside for the time being.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Oversold RSI may again respect 4-week old support-line

Not only its U-turn from 1.1285/87 horizontal-line but a dip beneath 61.8% Fibonacci retracement of May-June increase also portrays the EUR/USD pair’s latest downpour.


GBP/USD stabilizes around 1.2400 after the slump to 27-month low

Having plummeted to a 27-month low, GBP/USD recovers to 1.2410 during early Wednesday. British inflation numbers, political plays should be followed by fresh impulse.


USD/JPY holds toward weekly highs in opening hour of Tokyo's trade

USD/JPY was supported overnight and rallied to a weekly high of 108.37 on solid U.S. data, The US 2-year treasury yields climbed from 1.84% to 1.87% on the Retail Sales.


Gold bears back in control on dialled back Fed cuts expectations, targets below $1,400

Gold prices have been whipsawed on Tuesday following yet further signs of a robust U.S. economy in the data of late.

Gold News

Gold in search of a firm direction, stuck in a range ahead of US data/Powell

Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Tuesday.

Read more