JPY futures: room for extra losses

CME Group’s preliminary figures for JPY futures markets noted open interest increased by almost 5.8K contracts at the beginning of the week from Friday’s 195,906 contracts. On the other hand, volume shrunk for the first time after three consecutive builds, this time by around 15.6K contracts.

USD/JPY shifts its focus to 112.00

USD/JPY is prolonging the positive start of the week so far today. Further upside is thus expected amidst rising open interest, although the drop in volume could remove some impetus from occasional up moves.