Japanese Yen Currency Futures Options Trading

 Free Japanese Yen Futures Trading Guide

 

Japanese Yen Currency Futures & Options TradingFX Quarterly Review

FX Product Guide & Calendar

FX Brochure for Institutional Investors

FX Brochure for Individual Traders

FX Options Traders Handbook

 

 

Japanese Yen Futures Options Trading

 

Japanese yen futures contracts first started trading at CME in May 1972 as part of the International Monetary Market, a division of the Exchange. Options contracts began trading in 1986. Currently CME offers a forum for trading Japanese yen in its FX futures markets on  its GLOBEX electronic platform.

Futures contracts are also traded in the Australian dollar/Japanese yen, Canadian dollar/Japanese yen, Euro FX/Japanese yen and Swiss franc/Japanese yen as part of cross rate currency futures.

CME trades Japanese yen futures and options on futures contracts that are designed to reflect changes in the U.S. dollar value of the yen. Futures contracts are quoted in U.S. dollars per yen, and call for physical delivery at expiration, which takes place on the third Wednesday of the contract month in the country of issuance at a bank designated by the Clearing House. Exercised options on futures contracts are settled by the delivery of futures contracts.

The Japanese Yen trading contract size is 12,500,000 Japanese yen. The futures contract moves in 1 point increments, or $.000001 per Japanese yen which equals $12.50 per contract. Trading can also occur in $.0000005 Japanese yen increments, or $6.25 per contract for Japanese yen futures intra-currency spreads executed on the trading floor and electronically, and for All-or-None transactions.

Japenese yen futures and options on futures contracts traded at CME are designed to reflect changes in the U.S. dollar value of the yen. Futures contracts are quoted in U.S. dollars per yen, and call for physical delivery at expiration. Exercised options contracts are settled by the delivery of futures contracts.

Financial institutions, investment managers, corporations and private investors can use Japenese yen futures and options to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.

JPY/USD Futures Contract Specifications

Contract Size 12,500,000 Japanese yen

Contract Month Listings Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec)

Settlement Procedure Physical Delivery

Daily FX Settlement Procedures (PDF)

Final FX Settlement Procedures (PDF)

Position Accountability 10,000 contracts

Ticker Symbol CME Globex Electronic Markets: 6J
Open Outcry: JY
AON Code: LJ

Minimum Price Increment $.000001 per Japanese yen increments ($12.50/contract). $.0000005 per Japanese yen increments ($6.25/contract) for JPY/USD futures intra-currency spreads executed on the trading floor and electronically, and for AON transactions.

Trading Hours CME Globex (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.

CME ClearPort Sunday – Friday 5:00 p.m. – 4:15 p.m. Chicago Time (CT) with a 45–minute break each day beginning at 4:15 p.m.
Open Outcry (RTH) 7:20 a.m. – 2:00 p.m. Central Time (CT)

Last Trade Date / Time
View calendar 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).

Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.

Block Trade Eligibility Yes. View more on Block Trade eligible contracts.

Block Trade Minimum 150 Contracts

EFP Eligibility Yes. View more on EFPs.

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