JPY futures: points to some consolidation near term

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Open interest in JPY futures markets dropped by around 1.2K contracts on Thursday from Wednesday’s final 209,620 contracts. Volume, instead, rose for the second straight session, this time by around 22.3K contracts, according to flash data from CME Group.

USD/JPY well supported near 111.60

Yesterday’s down move in USD/JPY was in tandem with diminishing open interest and a moderate build in volume, allowing for a continuation of the sideline theme and a potential test of the 21-day SMA at 112.95.


	JPY futures: points to some consolidation near term

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