Micro Japanese Yen Futures Contract

This Micro futures contract is based upon the U.S. Dollar against the Japanese Yen. The yen is the third-most commonly traded foreign currency. Because the Japanese economy is one of the largest in the world, and Tokyo is an important financial center, the relative dominance of the Japanese currency is appropriate. The combination of a vibrant trade-based economy paired with Bank of Japan-depressed interest rates gives the yen unique properties sought by traders.

Source: CME Group

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.