Yen is the currency of Japan and is an important reference currency for trade with part of the area of 'East Asia. In particular
until the advent of technology from China, most highly integrated electronic products originated from Japan, as well as some countries of South East Asia and this has contributed to raising the status of the Japanese currency for markets Financial.
The Japanese currency also acts as a support for the triangulation currency arbitrage and hedging in cross Euro and Dollar, balances, which are often in the past has also included the BOJ (Bank of Japan). The Future
Yen introduced in 1972 defines the exchange rate between the U.S. currency and Japanese, indicating how many dollars it takes to buy one yen, the value of the contract amounted to 12,500,000 yen, and as most of the Financial Future has quarterly (March, June, September, December).
is contracted to the CME (Chicago Mercantile Exchange) through the electronic trading system is (CME Globex) that allows a contract of 24 hours 24.
Contract Description
Name: Japanese yen (Japanese yen)
contract signed JY
expiration months: March, June, September, December,
Stock Exchange: CME, Chicago Mercantile Exchange
minimum price variation (tick) 0.000001
Value Tick: $ 12.50
trading hours: from 7:20 a.m. at 2:00 p.m. Chicago
contract size: 12500000 JPY contract
Quote: expresses the exchange rate USD / JPY
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