Japanese yen futures trading surges this year
World BusinessJan 22, 2013
Yen futures trading in South Korea has spiked so far this year as more investors make bets on the further descent of the Japanese currency, data showed Tuesday. The daily turnover of yen futures has reached an average of 104.9 billion won ($98.7 million) in the Seoul market as of last Friday since the beginning of this year, up 84.9 percent from the average 56.7 billion won tallied over the same period in 2012, according to the data by the Korea Exchange (KRX). A foreign exchange futures contrac