JPY futures: stays bearish near term

CME Group’s flash data for JPY futures markets noted open interest shrunk for the fifth session in a row, this time by nearly 6K contracts. In the same line, volume declined by around 2.4K contracts.

USD/JPY now looks to 110.00

USD/JPY is adding to recent gains amidst declining open interest and volume in the Japanese currency, allowing for the continuation of the up move in the short-term horizon.