JPY futures: rally has further legs

CME Group’s flash data for JPY futures markets noted open interest rose for another session on Wednesday, this time by around 4K contracts from Tuesday’s final 209,453 contracts. Volume followed suit, up by almost 99K contracts.

USD/JPY targets 114.00 and beyond

USD/JPY is up for the third straight session on Thursday amidst rising volume and open interest, all allowing for the continuation of the onging bull run. That said, the next hurdle emerges at the 114.00 neighbourhood and above.