OctaFX | OctaFX Forex Broker
Open trading account

JPY Futures: Extra downside looks unlikely

CME Group’s preliminary figures noted investors trimmed their open interest positions for yet another session on Tuesday, now by nearly 5.3K contracts. In the same direction, volume shrunk by around 29.1K contracts, prolonging the inconclusive trend.

USD/JPY could re-visit the 108.50 region

Tuesday’s uptick in USD/JPY was on the back of declining open interest and volume in the safe haven yen, showing that the selling bias could be nearly over. That said, the pair could resume the downside and attempt a move to the 200-day SMA in the 108.50 region in the short-term horizon.

Forex Today: Aussie cheers risk-on as China coronavirus fears ebb, eyes on Fed interest rate decision

The risk rebound theme extended well into Asia this Wednesday, as investors placed their concerns about China coronavirus's potential economic impact
Read more Previous

Japan PM Abe: Specific monetary policy decision is up to the BOJ to decide

Reuters reports the latest comments from the Japanese PM Shinzo Abe, as he says that specific monetary policy decision is up to the Bank of Japan (BOJ
Read more Next
Start livechat