Asset Class Navigation

Japanese Yen Futures Contract Specs

Contract Unit 12,500,000 Japanese yen
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation Outrights: 0.0000005 per JPY increment = $6.25
Consecutive month spreads: 0.0000001 per JPY increment = $1.25
All other Spread Combinations: 0.0000002 per JPY increment = $2.50
Product Code CME Globex: 6J
CME ClearPort: J1
Clearing: J1
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 20 consecutive quarters and serial contracts listed for 3 consecutive months. 
Settlement Method Deliverable
Termination Of Trading Trading terminates at 9:16 a.m. CT on the second business day prior to the third Wednesday of the contract month.
Settlement Procedures Physical Delivery
JPY/USD Futures Settlement Procedures 
Position Limits CME Position Limits
Exchange Rulebook CME 253
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing