JPY futures: Squeeze higher posed to continue
5/6/2019 6:32:13 AM
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In light of flash data for JPY futures markets from CME Group, open interest rose by just 292 contracts on Friday while volume increased by more than

In light of flash data for JPY futures markets from CME Group, open interest rose by just 292 contracts on Friday while volume increased by more than 22.1K contracts.

USD/JPY could re-test 109.70

USD/JPY could re-test 109.70

Fresh trade jitters are collaborating with the bid bias around the Japanese safe haven against the backdrop of an uptick in open interest and volume, all forcing USD/JPY to retreat further and at the same time opening the door for a potential move lower to March lows in the 109.70 region.

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