JPY futures: rallies limited?

Flash data for JPY futures markets show open interest rose by around 2.3K contracts on Monday vs. Friday’s final 184,722 contracts. Volume, instead, shrunk by around 59K contracts after two consecutive builds.

USD/JPY faces tough hurdle around 112.00

USD/JPY has been trading higher since Friday amidst declining volume and some choppy activity in open interest. Despite further upside still remains on the cards, the important drop in volume on Monday warns against the sustainability of such a move.