Referring to Figure 14.1, what is the total open interest on the December 2015 Japanese yen contract? Does it represent long positions, short positions, or both? Based on the settle price on the contract, what is the dollar value of the open interest?

Figure 14.1

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Metal & Petroleum Futures Contract Open Chg Interest Open High hi lo LoW Settle Copper-High (CMX)-25,000 lbs.; $ per Ib. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 2,109 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 90,935 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 211 Dec 1089.10 1094.90 1087.40 1088.10 0.40 247,319 Feb'16 1089.90 1095.50 1088.60 1089.10 0.40 102,730 Аpril June 1091.00 1095.60 1089.50 1089.90 0.40 28,444 1091.70 1096.60 1090.00 1090.60 0.40 18,947 14,070 Dec 1098.10 1100.00 1093.20 1093.60 0.50 Palladium (NYM)-50 troy oz.; $ per troy oz. 671.70 671.70 Nov 671.70 596.75 - 16.00 Dec 617.70 621.20 595.00 596.95 - 16.00 23,681 3,781 March' 16 614.95 620.00 596.00 597.45 - 16.10 Platinum (NYM)-50 troy oz.; $ per troy oz. Nov 990.20 990.20 986.70 914.40 -25.20 Jan'16 942.00 943.20 910.30 914.40 -25.60 63,763 Silver (CMX)-5.000 troy oz.; $ per troy oz. Nov Dec 15.035 15.045 15.005 14.418 -0.278 14.730 14.760 14.395 14.413 -0.278 95,144 Crude Oil, Light Sweet (NYM)-1000 bbls.; $ per bbl. -0.42 400,803 -0.35 302,907 Dec 44.52 45.12 43.64 43.87 Jan'16 45.62 46.29 44.88 45.12 -0.28 109,090 -0.25 150,438 Feb 46.09 47.16 45.80 46.05 March 47.19 47.87 46.58 46.84 June 48.66 49.45 48.14 48.42 -0.22 112,896 Dec 50.65 51.45 50.25 50.54 -0.11 150,413 NY Harbor ULSD (NYM)-42,000 gal.; $ per gal. Dec 1.4958 1.5220 1.4745 1.4774 -0.122 80,808 84,315 Jan'16 1.5121 1.5392 1.4960 1.4985 -0.112 Gasoline-NY RBOB (NYM)-42,000 gal.; $ per gal. Dec 1.3768 1.4048 1.3662 1.3705 .0010 92,987 92,590 Jan'16 1.3557 1.3852 1.3495 1.3549 .0018 Natural Gas (NYM)-10,000 MMBtu.; $ per MMBtu. Dec 2.373 2.387 2.274 2.300 -071 253,091 Jan'16 2.535 2.544 2.423 2.449 -.083 262,791 Feb 2.558 2.571 2.453 2.480 -.077 66,305 109,844 March 2.559 2.561 2.449 2.479 -.069 April May 2.509 2.509 2.414 2.446 -.056 89,244 2.529 2.529 2.450 2.478 -.054 36,545