Using the Internet, navigate to the Tokyo Financial Exchanges website and scroll down to information...
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Using the Internet, navigate to the Tokyo Financial Exchanges website and scroll down to information related to its FX Daily Futures contracts [Hint: look for and click on Click 365]. (i) What was the value of the nearby USD/JPY contract at settlement on 4/7/23 measured in yen [note: use the contracts closing price for this calculation]? (ii) What is the initial margin amount for this contract for a Non-Individual Customer, and what is the leverage ratio (i.e., amount of notional amount versus the amount of margin deposit) implied by this initial margin amount
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