Hi everyone. I was looking at the EUR/JPY cross rate. It is now about 157,79. What strikes me is the discrepancy with the future price I look here:
http://www.cme.com/trading/dta/del/...uctFoiType=FUT&ProductVenue=G&ProductType=cur
As you can see the march 2007 price is 156,86, whereas the june 2007 price is even lower: 155,56. Does this mean that the JPY is expected to gain over the european currency in the next few months.? How do they know ?
Thanks in advance.
Arturo
http://www.cme.com/trading/dta/del/...uctFoiType=FUT&ProductVenue=G&ProductType=cur
As you can see the march 2007 price is 156,86, whereas the june 2007 price is even lower: 155,56. Does this mean that the JPY is expected to gain over the european currency in the next few months.? How do they know ?
Thanks in advance.
Arturo