# JPY futures: room for extra consolidation — Octa

> 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.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/59812-jpy-futures-room-for-extra-consolidation-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/695425/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.