JPY futures: upside has further to go

According to CME Group’s flash data for JPY futures markets, investors added almost 8K contracts to their open interest positions on Wednesday, recording the fifth build in a row, from Tuesday’s final 215,376 contracts. Volume followed suit, up by around 35.5K contracts.

USD/JPY keeps targeting 113.00 and above

USD/JPY managed to move beyond 113.00 the figure on Wednesday, although it closed below it. The recent rally in spot has been supported by rising volume and open interest, leaving intact the target at levels further north of the 113.00 barrier.