JPY futures: upside has further legs

CME Group’s flash data for JPY futures markets noted open interest increased by nearly 3.9K contracts on Friday from Thursday’s final 221,680 contracts. In the same direction, volume advanced by around 10.4K contracts, partially reverting the previous drop.

USD/JPY targets 114.54/74

The upside momentum in USD/JPY appears well and sound for the time being amidst the recent increase in volume and open interest. That said, spot keeps targeting 114.54 ahead of 114.74.