JPY futures: dips appear shallow

Flash figures for JPY futures markets showed open interest dropped by almost 3.6K contracts on Friday from Thursday’s final 193,077 contracts, according to CME Group. Volume followed suit, down by around 32.6 contracts.

USD/JPY well supported near 111.00

USD/JPY’s rejection from Friday’s tops in the mid-111.00s was on the back of diminishing open interest and volume, hinting at the likeliness that occasional dips should remain shallow and so far well contained in the 111.00 neigbourhood.