JPY Futures: Further consolidation on the cards

According to preliminary figures for JPY futures markets from CME Group, open interest increased for the sixth consecutive session on Thursday. In the same line, volume stayed choppy and went up by around 32.4K contracts.

USD/JPY posed for extra rangebound near-term

USD/JPY remains side-lined below the 200-day SMA in the 108.30 region for the time being. The erratic performance of volume and the uptrend in open interest leave the door open for the continuation of the consolidative mood in the short-term horizon.