CME Japanese Yen Futures

Manage JPY/USD exposure with firm pricing and nearly 24-hour access on CME Globex.

More than US$250 billion in goods and services is traded between the United States and Japan each year, which gives Japanese Yen futures a natural market. CME Japanese Yen Futures (CME Globex code: 6J) let market participants manage JPY/USD exposure precisely through firm pricing and convenient monthly and quarterly contracts.

Each contract is for 12,500,000 Japanese yen and is quoted in U.S. dollars and cents per JPY increment. Quarterly contracts (March, June, September and December) are listed for 20 consecutive quarters, and serial contracts are listed for 16 months. The contract is settled by physical delivery.

Trades can be made on the central limit order book, directly as block trades, or through Exchange for Related Positions (EFRPs). All trades are cleared through CME Clearing.

Key Benefits

• Flexible and Transparent Market
  • All market participants see the same prices, quotes and trades. Trades can be executed on the central limit order book, as block trades, or as Exchange for Physicals.
     
• Nearly 24-Hour Access
  • CME Globex trading runs Sunday to Friday, with a 60-minute break each day, so participants can respond as world news and events unfold.
     
• Easily Roll OTC Positions into Futures
  • CME FX Link connects OTC FX and FX futures through a single Globex spread, helping participants manage their FX exposure more efficiently.
     
• Market Liquidity
  • CME Group reports US$100 billion in daily notional FX liquidity, 3 million in open interest and tight bid/ask spreads across its FX markets, which can help lower trading costs.
     
• Capital Efficiency
  • Futures can free up capital through lower margin requirements, futures leverage, a shorter margin period of risk, and margin offsets with other FX contracts.
     
• Reduced Counterparty Risk
  • All trades are backed by CME Clearing, which reduces counterparty credit risk.
     

Contract Specifications

Source: CME Group

This advertisement has not been reviewed by the Monetary Authority of Singapore.
 

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