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Today's settlement price on the Chicago Mercantile Exchange (CME) Yen Futures contract is $0.8011/Y100. Margin account balance is $2000. Next 3 days' settlement prices are:

Today's settlement price on the Chicago Mercantile Exchange (CME) Yen Futures contract is $0.8011/Y100. Margin account balance is $2000. Next 3 days' settlement prices are: Day 1: $0.8057/Y100 Day 2: $0.7996/Y100 Day 3: $0.7985/Y100 (The contractual size of one CME Yen contract is Y12,500,00) If you had a SHORT POSITION what would the changes in your account balance be: Day 1: ? Day 2: ? Day 3: ? What would the balances be per day if you had a LONG POSITION? Day 1: Day 2: Day 3: Hint: remember that futures contracts have a daily settlement, so you move from day 1 to day 3 using the change from the previous day.

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