JPY Futures: still looks neutral near term

CME Group’s flash data for JPY futures markets noted investors reduced their open interest positions by nearly 1.7K contracts on Thursday while volume shrunk by almost 6.4K contracts.

USD/JPY faces extra consolidation

Still no clear direction in both open interest and volume should leave the rangebound trading well in place for USD/JPY in the near term at least. That said, the 109.00 neighbourhood still emerges as a key resistance for bulls in the next sessions.