JPY Futures: stays neutral near term

Pablo Piovano FXStreet

CME Group’s flash data for JPY futures markets shrunk by almost 3.3K contracts on Wednesday, prolonging the erratic performance. On the other hand, volume rose for the second session in a row, this time by nearly 53.4K contracts.

USD/JPY extra rangebound on the cards

USD/JPY is prolonging the multi-session consolidation so far today, always orbiting around the mid-108.00s. That said, unclear trends in both open interest and volume leaves the scenario unchanged at least in the near term.

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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