Micro Japanese Yen Futures Contract
The Micro futures contract is 1/10 the size of the Japanese Yen futures contract. The yen is the third-most commonly traded foreign currency. Because the Japanese economy is one of the largest in the world, and Tokyo is an important financial center, the relative dominance of the Japanese currency is appropriate. The combination of a vibrant trade-based economy paired with Bank of Japan-depressed interest rates gives the yen unique properties sought by traders.
1,250,000 Japanese Yen
CME Globex: MJY
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
0.000001 per JPY tick = $1.25
Quarterly: March, June, September & December
Price Limit / Circuit
Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.
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