Product Overview

What are Micro Japanese Yen futures?

At 1/10th the size of standard Japanese Yen futures and 1/10th the risk exposure, these futures contracts allow market participants of all sizes to take a position on the value of the Japanese yen vs. the US dollar.

Why trade Micro Japanese Yen futures?

  1. Gives you access to the third largest economy in the world.
  2. Allows you to manage currency risk for technology firms in your portfolio.
  3. Japanese yen is often used as the benchmark for Asian currencies, offering hedging opportunities in the APAC region.

How do you trade Micro Japanese Yen futures?

If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, trading Micro Japanese Yen 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

H, M, U, Z March, June, September, December

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Product

Micro JPY/USD

Contract Size

1.25M yen

Trading Venue

CME offers electronic trading almost 24/12

Minimum Tick

0.000001 USD per JPY

Product Symbol

MJY

Dollar Value of One Tick

$1.25 per contract

Exchange Rulebook

CME 294

Settlement Procedures

Micro Japanese Yen/American Dollar Fuutres Settlement Procedures

Price Limit or Circuit

Price Limits

Settlement Method

Deliverable

Options Available

No

Termination of Trading

9:16 a.m. on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).

Contract Specifications

Product Name

Options Expirations

Options Symbol

Trading Venue

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Type Of Expiration

Minimum Tick Size

Micro JPY/USD MJY Price

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

Futures Calendar

22 OCT
No Event

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The information in the market commentaries have been obtained from sources believed to be reliable, but we do not guarantee its accuracy and expressly disclaim all liability. Neither the information nor any opinions expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts. The information on this site compiled by CME Group is for general purposes only. All information and data herein is provided as-is. Additionally, all examples on this site are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. CME Group assumes no responsibility for any errors or omissions. CME Group, its affiliates and any third party information and content providers expressly disclaim all liability with respect to the information and data contained herein including without limitation, any liability with respect to the accuracy or completeness of any data. You use the data herein solely at your own risk. All data and information provided herein is not intended for trading purposes or for trading advice. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.

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