JPY futures: looks neutral short-term

CME Group’s flash data for JPY futures markets noted open interest increased by the second session in a row, this time by a meagre 201 contracts on Wednesday from Tuesday’s final 192,789 contracts. In the same line, volume rose by around 17.7K contracts after five consecutive drops.

USD/JPY waiting for a catalyst

Price action in USD/JPY looks unclear amidst rising open interest and volume, which should leave the door open for further consolidation in the short-term horizon, The 110.00 level remains a critical resistance area so far.