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Japanese yen Futures and Options Trading
Trade Specs 12,500,000 Japanese yen
Point Descriptions 1 point = $.000001 per Japanese yen = $12.50 per contract
Contract Listing Six months in the March Quarterly Cycle, Mar, Jun, Sep. Dec. See notes +++, **
Strike Price Interval N/A
Product Code Clearing=J1
Ticker=JY
GLOBEX=6J
AON=LJ
(100 Threshold)&
Trading Venue: Floor
Hours 7:20 a.m.-2:00 p.m. LTD(9:16 a.m.)^
Listed All listed series
Strike N/A
Limits No limits
Minimum Fluctuation Regular 0.000001=$12.50
Calendar Spread 0.0000005=$6.25
All or None 0.0000005=$6.25
Trading Venue: GLOBEX®
Hours Mon/Thurs 5:00 p.m.-4:00 p.m. Sun & Hol 5:00 p.m.-4:00 p.m.
Listed All listed series plus 3 calendar spreads
Strike N/A
Limits No limits
Minimum Fluctuation Regular 0.000001=$12.50
Calendar Spread 0.0000005=$6.25
visit U.S. Dollar Index Futures, Euro currency Futures, British pound Futures and Canadian dollar Futures.
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Japanese Yen Futures Commodity Contract Specifications
Japanese yen futures and commodity options on futures allow financial institutions, investment managers, futures brokers, corporations and private investors to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency exchange rates.
Japanese yen futures contracts first started trading in 1972 as part of the International Monetary Market, a division of the Exchange. Options contracts began trading in 1986. Currently Japanese yen in its FX futures market trades on both its Globex ® electronic trading platform as well as on the trading floor.
Commodity Futures contracts are also traded in Australian dollar/Japanese yen, Canadian dollar/Japanese yen, Euro FX/Japanese yen and CME Swiss franc/Japanese yen as part of cross rate currency futures.
Japanese yen futures and options on futures contracts are designed to reflect changes in the U.S. dollar value of the yen. Commodity 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 trade contract specs 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 CME Japanese yen futures intra-currency spreads executed on the trading floor and electronically, and for All-or-None transactions.
Japanese yen contracts trade six months in the March Quarterly cycle, Mar, Jun, Sep, Dec; and option on futures contracts trade four months in the March cycle and two months not in the March cycle, plus four weekly expirations.
Commodity Futures and Options Contract Specifications Main |
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