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The Yen futures contract is for 12,500,000 and trades at an increment of $0.000001 per contract. ExxonMobil goes long 10 Yen futures contracts at 0.010622.
The Yen futures contract is for 12,500,000 and trades at an increment of $0.000001 per contract. ExxonMobil goes long 10 Yen futures contracts at 0.010622. You then hear that spot Yen has gone from 94 /$ to 98 /$. Estimate ExxonMobil's gain or loss (please show all calculations)
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