JPY Futures: Potential rebound ahead

CME Group’s flash data for JPY futures markets noted open interest retreated for the third session in a row on Monday, now by more than 3K contracts. In the same line, volume shrunk by 10.3K contracts, adding to Friday’s drop.

USD/JPY met support near 107.00

USD/JPY posted losses for the fourth consecutive day on Monday. However, declining open interest and volume in the Japanese safe haven opened the door to a rebound with the initial target at monthly peaks in the upper-111.00s.