JPY futures: further gains on the cards

Flash data from CME Group for JPY futures markets noted open interest increased by nearly 7K contracts on Tuesday from Monday’s final 202,601 contracts. In the same line, volume rose by around 25.8K contracts.

USD/JPY targets 114.00 and beyond

The ongoing up move in USD/JPY was accompanied by rising open interest and volume, hinting at the likeliness that further upside remains in the pipeline with immediate target at the mid-114.00s, October’s peaks.