JPY Futures: Upside remains on the cards

According to advanced readings for JPY futures markets from CME Group, open interest reversed five consecutive pullbacks and rose by around 9.3K contracts on Wednesday. In the same line, volume went up by around 1.6K contracts, resuming the upside following Tuesday’s drop.

USD/JPY seen re-testing 101.00

USD/JPY is adding to Wednesday’s losses against the backdrop of rising open interest and volume. That said, a move to recent YTD lows in the 101.00 zone has re-emerged on the horizon in the short-term.