JPY futures: room for extra losses

Open interest in JPY futures markets rose by just 363 contracts on Thursday according to advanced preliminary data from CME Group. Volume rose for the second session in a row, this time by 483 contracts.

USD/JPY eyes another test of 111.00

Rising open interest and volume amidst declining prices in the Japanese safe haven could motivate USD/JPY to attempt another move to the 111.00 neighbourhood in the near term.