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.
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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H, M, U, Z March, June, September, December
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.
Micro JPY/USD
1.25M yen
CME offers electronic trading almost 24/12
0.000001 USD per JPY
MJY
$1.25 per contract
Micro Japanese Yen/American Dollar Fuutres Settlement Procedures
Deliverable
No
9:16 a.m. on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
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.