Swiss Franc / Japanese Yen Currency Futures

Category: Forex Futures / G10 Currency Futures

About Swiss Franc / Japanese Yen Currency Futures

Swiss Franc / Japanese Yen Currency Futures contracts have been developed to track the exchange rate between the Swiss Franc and the Japanese Yen. A Swiss Franc / Japanese Yen Currency Futures contract gives the holder the right to exchange Swiss Francs for Japanese Yen in the future at an exchange rate that was fixed on the date when the Swiss Francs were purchased.

Swiss Franc / Japanese Yen Currency Futures belongs to the group of the "G10 Currency" from the "Forex" category.

One Swiss Franc / Japanese Yen Currency Futures contract covers 250,000 Swiss Francs with a minimum price increment (minimum price fluctuation) of 0.05 per CHF. Thus, a Euro increment is equivalent to 12500 in Japanese Yen. For example, if a currency futures trader buys one CHF/JPY futures contract during the day at an exchange rate of 82.745 Japanese Yen per CHF and the exchange rate goes up to 82.751 Japanese Yen per CHF (60 units up) by the end of the day, the profit from closing the position and selling the previously bought future contract would be 60 x 12500 = 750000 Japanese Yen. In the same example, 10 futures contracts would deliver 7,500,000 Japanese Yen profit. However, if the CHF/JPY exchange rate dropped down by 60 units, the same futures buyer would suffer a 7,500,000 Japanese Yen loss on 10 CHF/JPY futures contracts.

Swiss Franc / Japanese Yen Currency Futures are traded on the Chicago Merchandise Exchange (CME) under the SJY symbol (ticker).