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CME data showed open interest in yen futures rose by about 4,800 contracts on Monday while volume fell for a second session. USD/JPY was consolidating sideways near the 200-day moving average in the mid-111 range.
This is technical positioning commentary on the yen with no new fundamental driver, so it has little bearing on feed commodity supply, demand or prices.
octaafrica.netApr 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
