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E-micro Japanese Yen/American Dollar Futures Contract Specs

Contract Size 1,250,000 JPY
Contract Month Listings Two months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Procedure Daily E-Micro FX Futures Settlement Procedure (PDF)
Final E-micro JPY/USD Settlement Procedure (PDF)
Position Accountability 100,000 E-micro contracts
Ticker Symbol CME Globex Electronic Markets: MJY

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Minimum Price Fluctuation (Tick) 0.000001 USD/JPY (= US$1.25)
Contract Value If USD/JPY = .011765, then contract = $14,706 (= ¥ 1,250,000 x $.011765/¥)
Trading Hours CME Globex (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort Sunday – Friday 5:00 p.m. – 4:15 p.m. Central Time (CT) with a 45–minute break each day beginning at 4:15 p.m. (CT)
Last Trade Date / Time
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9:16 a.m. on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
Block Trade Eligibility No.
EFRP Eligibility Yes. View more on EFRPs.