OctaFX | OctaFX Forex Broker
Open trading account

JPY Futures: Scope for extra appreciation

In light of preliminary readings from CME Group, open interest in the Japanese safe haven reversed seven consecutive drops and increased by around 6.2K contracts on Friday. In the same line, volume went up by the second session in a row, this time by nearly 13.4K contracts.

USD/JPY could re-visit 107.65

Increasing open interest and volume amidst positive price action in the yen hint at the likeliness that further gains could be in the pipeline for the safe haven, opening the door to USD/JPY for a move to 2020 lows at 107.65 in the near-term.

USD/CHF now shifted its attention to 0.9613 – Commerzbank

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted the pair could extend the correction lower to the 0.9613 level. Key Quot
Read more Previous

Trading the RBA – TD Securities

The FX Strategists at TD Securities offer their expectations on the upcoming Reserve Bank of Australia’s (RBA) monetary policy decision and the Statem
Read more Next
Start livechat