JPY Futures: Look neutral/bearish near-term

According to flash figures from CME Group for JPY futures markets, open interest and volume rose by nearly 3.3K contracts and by more than 57K contracts, respectively, on Thursday, both reaching the second build in a row.

USD/JPY: Scope for further recovery, consolidation

USD/JPY’s inconclusive price action on Thursday was accompanied by rising open interest and volume, which opens the door to a potential consolidation or even the continuation of the recovery in the very near-term.