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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.

USD/JPY bulls struggle to make it through 109.00 handle, FOMC minutes eyed for fresh impetus

   •  The prevalent risk-on mood continues to dent JPY’s safe-haven status.    •  Upbeat Japanese wage growth data keeps a lid on any runaway rally.
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