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JPY Futures: bearishness expected to persist

Open interest in JPY futures markets rose for the second consecutive session on Thursday, this time by more than 16K contracts according to preliminary data from CME Group. Volume, in the meantime, went down by around 120.7K contracts.

USD/JPY sets sails to 110.00

The improved sentiment in the risk-complex has been favouring the selling bias in the Japanese safe haven in past sessions, all underpinned by increasing open interest. Against this backdrop, a test by USD/JPY of the key 110.00 neighbourhood in the near-term should not be surprising.

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According to UOB Group’s Global Economics & Markets Research team, the PBoC is expected to keep reducing its rates this year. Key Quotes “Although we
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Forex Today: Dollar dominant regardless on Mid-East, all-eyes on the Non-Farm Payrolls

Here is what you need to know on Friday, January 10: The US dollar has been consolidating its gains ahead of the all-important Non-Farm Payrolls repor
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