The JPY futures market is based upon the Japanese Yen to US Dollar exchange rate, and is traded at the CME (Chicago Mercantile Exchange) in the US. The JPY futures market is traded on the Globex electronic trading system 24 hours per day from 5:00 PM Sunday to 4:00 PM Friday Central Time. The JPY futures market has a daily trading volume of approximately 150,000 contracts, and a daily price range of approximately 250 ticks.
Contract Specifications
The full contract specifications for the JPY futures market are as follows :
- Symbol (IB / Sierra Chart Format) : JPY
- Expiration date (as of March 2008) : June 16 2008
- Exchange : GLOBEX
- Currency : USD
- Multiplier / Contract value : $12,500,000
- Tick size / Minimum price change : 0.000001
- Tick value / Minimum price value : $12.50
Holidays
In 2008, the JPY futures market is open for trading every trading day (Monday to Friday), except for the following holidays, when the opening and closing times are modified :
- January 01
- January 02
- January 18
- January 21
- February 15
- February 18
- March 20
- March 21
- May 23
- May 26
- July 03
- July 04
- August 29
- September 01
- October 10
- October 13
- November 10
- November 11
- November 27
- November 28
- December 24
- December 25
- December 26
- December 31
