JPY Futures: bullish with caution

In light of flash data for JPY futures markets from CME Group, open interest rose by around 2.7K contracts on Tuesday, reversing three consecutive drops. Volume, instead, prolonged the choppy performance and shrunk by around 29.7K contracts.

USD/JPY scope for extra retracement

USD/JPY has corrected lower from the mid-108.00s against the backdrop of erratic performance in volume and rising open interest, allowing for the continuation of the downtrend to, initially, the 107.00 neighbourhood.