USD/JPY Fx Swap Point 3M

CFETS FX Swap (Points) represents the difference between the forward and spot exchange rates of a currency pair, expressed in points. These points reflect the interest rate differential between the two currencies for the term of the swap and are used to calculate the forward exchange rate. A positive value of points (premium) means that the forward rate is higher than the spot rate, while a negative value (discount) indicates that the forward rate is lower. Swap points are a primary tool for hedging foreign exchange risks and for speculative trading, allowing market participants to lock in a future exchange rate without the need for immediate delivery of the currency.