Micro Japanese Yen Futures Contract
This Micro futures contract is based upon the U.S. Dollar against the Japanese Yen. 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.
Contract Unit
10,000 U.S. Dollars
Futures Contract
Symbol
CME Globex: M6J
Trading Hours
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.01 JPY/USD tick = ¥100
Contract Months
Quarterly: March, June, September & December
Settlement Method
Deliverable
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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