JPY futures: consolidative short-term

Open interest in JPY futures markets dropped for the third session in a row on Wednesday, this time by around 5.3K contracts vs. Tuesday’s final 253,374 contracts, according to flash figures from CME Group. Volume rose for the second straight session by more than 19.2K contracts.

USD/JPY further rangebound likely

USD/JPY is recovering some ground lost following the sell off in past sessions. Yesterday’s down move was in tandem with decreasing open interest and higher volume, opening the door for a some consolidation in the near term ahead of potential extra gains.

Oct 11, 2018

EUR/USD still neutral, points to extra consolidation – UOB

FX Strategists at UOB Group now see the pair entering into a consolidative theme in the near term. Key Quotes 24-hour view: “We expected EUR to test

AUD/USD to struggle sideways - Westpac

Sean Callow, Research Analyst at Westpac, points out that speculators in futures markets appear to be already fairly well positioned for AUD weakness.