Yen

[BBB]

Whats the minimum tick in the CME/GLOBEX Yen? Is it 0.000001=$12.50 as the web site suggests, or 0.0001 as the other FX futures?

http://www.cme.com/prd/overview_JY2466.html

I wouldn't have thought CME would have made such an important typo as this, but several charts I have looked at only show to 4dp like the other FX's.

Maybe I'm missing the obvious here??

 

[ianp]

Hi BBB

its 0.000001 = $12.50

you find a lot of the globex prices are the reverse of the FX
companys..

eg globex is YEN/USD FX brokers quote USD/YEN

also you can get stuffed selling on stops as the price can move
past your stop without any trades going through. I got stuffed
for 22 pips on GBP/USD on Friday as the asks got pulled and I got
filled nowhere near my stop.

ian

 

[BBB]

Thanks Ianp.

I take it this is the JY (J6 on Globex) ticker?

Even the quote on CME is in four dp, not 6 (0.9515 as I write). Surely this doesnt tick in 100's of points?