The JPY futures market is based upon the Japanese Yen to US Dollar exchange rate, and is traded at the CME Group 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: 6J (JPY)
- Expiration date (as of March 2011): March 14th 2011 (the second business day immediately preceeding the third Wednesday of the expiring contract month)
- 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 2011, 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 1st to 3rd
- January 14th to 18th
- February 18th to 22nd
- April 21st to 24th
- May 27th to 31st
- July 1st to 5th
- September 2nd to 6th
- October 7th to 10th
- November 10th and 11th
- November 23rd to 25th
- December 23rd to 27th
- December 3th and 31st
Further Information
Additional information regarding the JPY futures market (e.g. current prices, daily volume, historical performance, etc.) can be found at the CME Group web site.
