OctaFX | OctaFX Forex Broker
Open trading account

JPY Futures: Gains seen as temporary

Preliminary figures for JPY futures markets saw open interest shrinking by just 171 contracts on Friday according to CME Group. In the same direction, volume extended the downtrend and drop by around 1.9K contracts.

USD/JPY now eyes the 110.70 region

USD/JPY has eased a tad on Friday on the back of renewed JPY-buying. However, declining open interest and volume should leave bouts of JPY-strength limited and therefore favour the continuation of the rally in the pair to, initially, the 110.65/70 band.

Forex Today: Pound pressured by Brexit plans, oil bumps on Mod-East issues, Bitcoin hungover

Here is what you need to know on Monday, January 20: GBP/USD is under pressure after the UK Chancellor of the Exchequer Sajid Javid said that the UK m
Read more Previous

USD/CHF could challenge 0.9710 – Commerzbank

In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the pair could attempt a move to the 0.9710 region. Key Quotes “
Read more Next
Start livechat