JPY Futures: extra losses remain on the cards

12 Jun 2019

Open interest in JPY futures markets rose by around 5.9K contracts on Tuesday following two consecutive daily declines. Volume followed suit, rising by around 5.8K contracts and prolonging the choppy performance at the same time.

USD/JPY now looks to 109.15, 21-day SMA

USD/JPY remains confined within a tight range so far this week amidst an erratic activity in volume and unclear direction in open interest in the Japanese currency. Further consolidation appears on the cards in the near term, although a move higher should not be ruled out for the time being.

Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. Past performance is not indicative of future results, which can vary due to market volatility. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. AUSFOREX does not accept liability for any loss or damage, including any loss or profit, which may arise directly or indirectly from use of or reliance on such information.

Register a Demo Account

Test drive our trading platform with a 30 day free trial

Register a Live Account

Get started.Open a Forex and CFD trading account with AUSFOREX now

Deposit Funds

Express way for deposit funds

Live Chat

Chat live with one of our 7*24 hour multilingual customer service team