Product Overview

What are Micro USD/JPY futures?

Micro USD/JPY futures are FX contracts designed to give traders of all sizes the ability to take a position on the relative value of the US dollar to the Japanese yen. Listed in the OTC-style quoting convention, each contract controls $10,000 worth of Japanese yen for a new way to fine-tune your FX exposure and enhance your trading strategies.

Why trade Micro USD/JPY futures?

  1. Gain exposure to the third largest economy in the world.
  2. Manage currency risk for holding of Japanese equities, trading in the world’s largest regulated FX marketplace.
  3. Hedge exposure in the APAC region with the benchmark for Asian currencies.

How do you trade Micro USD/JPY futures?

If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, trading Micro USD/JPY futures offers you the opportunity to hedge your risk or express an opinion on the value of one currency versus another.

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Contract Specifications


Contract Month

Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters.

Trading Hours

Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME Globex Pre-Open: 4:45 p.m. – 5:00 p.m. CT

Product

Micro USD/JPY

Contract Size

$10,000 US dollars

Trading Venue

CME offers electronic trading almost 24/5

Minimum Tick

0.01 JPY/USD = ¥100

Product Symbol

M6J

Value of One Tick

JPY per USD = 110, then contract = ¥1,100,000 (= $10,000 x 110 ¥/$)

Price Limit or Circuit

Price limits

Settlement Method

Deliverable

Options Available

No

Termination of Trading

Trading terminates at 9:16 a.m. CT, two business days prior to the third Wednesday of the contract month.

Contract Specifications


Product Name

Options Expirations

Options Symbol

Trading Venue

Trading Hours

Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT<br/> CME Globex Pre-Open: 4:45 p.m. – 5:00 p.m. CT

Type Of Expiration

Minimum Tick Size

Micro USD/JPY M6J Price

Open
High
Low
Change
% Change
Volume
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Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

26 SEP
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