What is Open interest? How can I use it to trade Nikkei/Yen Futures (Jun 2016)?

Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Nikkei/Yen Futures (Jun 2016) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Nikkei/Yen Futures (Jun 2016) shows that traders are closing their positions, which means a weakening trend.

NIYM2016 Charts and Quotes — TradingView

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Nikkei/Yen Futures (Jun 2016) chart

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Forward curve

A representation of what an asset is worth today and what the market thinks it will be worth in the future.

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Frequently Asked Questions

The nearest expiration date for Nikkei/Yen Futures (Jun 2016) is Jun 9, 2016.

The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Nikkei/Yen Futures (Jun 2016) before Jun 9, 2016.