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.
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.
Ready to get started trading futures? You’ll need to open an account with a broker. Click here to view a broker list
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters.
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
$10,000 US dollars
CME offers electronic trading almost 24/5
0.01 JPY/USD = ¥100
JPY per USD = 110, then contract = ¥1,100,000 (= $10,000 x 110 ¥/$)
Trading terminates at 9:16 a.m. CT, two business days prior to the third Wednesday of the contract month.
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