JPY Futures: Further weakness in the pipeline

In light of flash data for JPY futures markets from CME Group, open interest and volume increased by around 3.2K contracts and nearly 22K contracts, respectively, on Thursday.

USD/JPY seen returning above 110.00

USD/JPY managed to regain the 110.00 barrier and above on Thursday on the back of the continuation of the buying interest in the Japanese yen. Against the backdrop of rising open interest and volume, the pair is expected to resume the upside in the short-term horizon.