# JPY futures: scope for a squeeze higher near term — Octa

> CME data showed JPY futures open interest fell for a fourth straight session while volume dropped by more than 23,000 contracts. USD/JPY found support near 108.50 and the mid-108 area. Analysts see a possible near-term rally in the pair.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60819-jpy-futures-scope-for-a-squeeze-higher-near-term-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is positioning commentary on yen futures with no new cause, so it has no direct effect on feed commodity prices.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/662698/

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