J-YEN (CJY)
The contract is traded on the CME futures market.
Summary Contract Specifications
- Unit of trading : 12.500.000
- Contract size : 12.500.000 x JPY/USD
- Delivery months : March, June, September and December
- Quotation : In points (each full point = USD 12.500.000 per contract)
- Minimum price movement : 0,000001 points (= USD 12,50 per contract)
Trading example
- The JPY/USD at 0,010930 $
- The value of one contract is 12.500.000 x 0,010930 = 136.625 $
- Buy at 0,010930 $ and sell at 0,11000 $.
- The value of one contract will be 12.500.000 x 0,11000 = 137.500 $
- When the JPY/USD goes from 0,010930 to 0,11000, a profit of 875 $ is realized.
