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JPY Futures: Extra gains appear short-lived

Open interest in JPY futures markets rose by 7.6K contracts on Tuesday according to advanced figures from CME Group. In the same line, volume reversed three consecutive daily drops and increased by nearly 82.1K contracts.

USD/JPY still targets the 110.70 region

Despite the negative price action on Tuesday, USD/JPY managed to rebound from daily lows amidst rising open interest and volume in the Japanese currency. That said, the rebound carries the potential to extend further north of the 110.00 mark and resume its march to the next target at the 110.65/70 band.

EUR/USD path of least resistance is down one day before the ECB – Confluence Detector

EUR/USD is trading below 1.11, struggling to recover despite a relatively calm upbeat market mood and ahead of the European Central Bank's decision. T
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FX option expiries for Jan 22 NY cut

FX option expiries for Jan 22 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - GBP/USD: GBP amounts 1.3000 202m 1.3050 271m - USD/JPY: US
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