JPY futures: rebound expected to continue

Open interest in JPY futures markets rose by around 3.7K contracts on Tuesday from Monday’s final 233,343 contracts, according to preliminary figures from CME Group. In the same line, volume rose again, this time by nearly 85K contracts.

USD/JPY found support near 112.60

USD/JPY dropped and tested lows in the 112.60 region on Tuesday, coincident with the top of the daily cloud. The significant increase in volume plus the moderate build in open interest allow for a continuation of the rebound in the short-term horizon beyond 113.00 the figure.