USD/JPY bottomed out near 109.80?

22 August, 2018

In light of flash figures for JPY futures markets, open interest shrunk by around 3.5K contracts after two builds in a row on Tuesday from Monday’s final 193,408 contracts. Volume, instead, rose for the first time after three consecutive drops by nearly 9.9K contracts.

USD/JPY continues to recover after bottoming out in the 109.80 region on Tuesday, area coincident with the key 200-day SMA. The rebound was accompanied by declining open interest, while the uptick in volume could lend some wings to the recovery.


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