JPY Futures: Extra rangebound likely

Investors added nearly 1.5K contracts to their open interest positions on Monday, reaching the second consecutive build in light of advanced figures from CME Group. On the other hand, volume went down by almost 69.5K contracts.

USD/JPY navigates within a broad range

USD/JPY’s negative start of the week was in tandem with opposing trends in open interest and volume. That said, the prospect of further consolidation looks highly likely in the short-term horizon.