Yen Futures Open Interest in 2015
Yen Futures Open Interest opened 2015 at 228,954 and closed at 196,825, a -14.03% move for the year. The high of 306,449 was reached on June 9, and the low of 166,081 on September 15.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 228,954 | 202,571 | 231,223 | 202,571 | -11.52% |
| Feb | 203,963 | 202,438 | 204,193 | 202,438 | -0.75% |
| Mar | 210,611 | 177,478 | 235,089 | 177,478 | -15.73% |
| Apr | 189,444 | 188,079 | 195,230 | 188,079 | -0.72% |
| May | 198,886 | 251,744 | 251,744 | 193,296 | +26.58% |
| Jun | 260,104 | 254,014 | 306,449 | 247,839 | -2.34% |
| Jul | 250,828 | 246,269 | 251,136 | 246,269 | -1.82% |
| Aug | 252,655 | 260,458 | 264,608 | 251,418 | +3.09% |
| Sep | 273,205 | 174,697 | 279,712 | 166,081 | -36.06% |
| Oct | 170,780 | 189,472 | 189,472 | 169,873 | +10.95% |
| Nov | 204,271 | 247,513 | 250,346 | 204,271 | +21.17% |
| Dec | 253,505 | 196,825 | 253,505 | 194,196 | -22.36% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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