JSE offers JPY/ZAR futures
JOHANNESBURG – The Johannesburg Stock Exchange (JSE) is set to launch JPY/ZAR futures contracts on December 1, offering yen-denominated contracts to local importers as Japanese exporters switch from dollar to yen pricing.
Warren Geers, the JSE’s general manager of trading in Johannesburg, said the exchange received requests from local importers for JPY/ZAR futures following pressure to settle trades in yen. This had been prompted by the slide in the dollar, he said, with USD/ZAR rising 26% since
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