JPY futures: decline could be losing momentum
According to flash data from CME Group, open interest in JPY futures markets rose for another session, this time by nearly 2.1K contracts on Tuesday vs. Monday’s final 228,543 contracts. Volume, instead, decreased once again, now by around 21.2K contracts.
USD/JPY up move faces increasing headwinds
USD/JPY continues its multi-day march north so far on Wednesday, although declining volume as of late could remove some optimism from the move, prompting instead some consolidation and even a potential resumption of the leg lower.