JPY futures: upside looks limited

Open interest in JPY futures markets rose for the first time after six consecutive pullbacks, this time by more than 1.4K contracts according to flash data for CME Group. Volume, instead, shrunk for the fourth session in a row by around 13K contracts.

USD/JPY faces strong resistance at 110.00

USD/JPY moved to print new YTD peaks beyond 110.00 the figure earlier in the week. The move, however, lacked of follow through amidst rising open interest and the persistent decline in volume.