JPY futures: rebound has further legs

Open interest in JPY futures markets increased by nearly 6.3K contracts on Monday from Friday’s final 223,485 contracts, as noted by flash data from CME Group. In the same line, volume rose by almost 22.7K contracts.

USD/JPY re-focused on 114.00 and above

USD/JPY’s up tick on Monday was accompanied by rising open interest and volume, opening the door for a potential re-visit of monthly peaks above the 114.00 handle.