JPY Futures: further appreciation on the cards
Open interest in JPY futures markets prolonged the choppy activity on Thursday, increasing by around 8.5K contracts. In the same direction, volume went up by almost 64.9K contracts.
USD/JPY aims to 107.00 and below
USD/JPY briefly tested fresh lows in the vicinity of the 107.00 mark earlier today before reversing the move. However, the Japanese safe haven could regain some attention in light of the recent uptick in open interest and volume, once again putting spot under further downside pressure.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.