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 Japanese Yen Currency Futures and Options Trading

 

The No Nonsense Guide to Buying and Selling Options

 

*The information contained within this webpage comes from sources believed to be reliable. No guarantees are being made to the content's accuracy or completeness.

 

Here is the currency option brochure courtesy of the CME group.

Click Here.

 

Japanese Yen futures contracts first started trading at Chicago Mercantile Exchange (CME) in May 1972 as part of the International Monetary Market, a division of the Exchange. Options contracts began trading in 1986. Currently CME offers a forum for trading Japanese Yen in its FX futures markets on both its GLOBEX electronic platform as well as on the trading floor. Many savvy investors use the Japanese Yen futures and options market to hedge their currency risks.

Currency futures contracts are also traded in the Australian Dollar/Japanese yen, Canadian Dollar/Japanese yen, Euro FX/Japanese Yen and Swiss Franc/Japanese Yen as part of cross rate currency futures.

 

CME trades Japanese Yen futures and options on futures contracts that are designed to reflect changes in the U.S. Dollar value of the yen. 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 currency futures trading contract 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 Japanese Yen futures intra-currency spreads executed on the trading floor and electronically, and for All-or-None transactions.

Japanese Yen futures 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.

 

*Contract information changes from time to time. Please click here to see the most recent contract specifications and click here for the most recent trading hours.

 

Japanese Yen Currency Futures and Options
Contract Specifications

 

Trading Unit
Japanese Yen Futures: 12,500,000 Japanese yen physically delivered
Japanese Yen Options: One Japanese yen Futures Contract

Trading Hours
Japanese Yen Futures: Floor/7:20a.m.-2:00p.m. LTD (9:16a.m.) GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun & Hol 5:30p.m. - 4:00p.m.
Japanese Yen Options: Floor/7:20a.m.-2:00a.m. LTD (2:00p.m.) GLBX2 Mon-Thurs 2:30p.m.-7:05a.m. Sun & Hol 5:30p.m.-7:05a.m.

Trading Months
Japanese Yen Futures: Six months in the March Quarterly cycle, Mar, Jun, Sep, Dec.
Japanese Yen Options: Four months in the March cycle and two months not in the March cycle, plus four weekly expirations.

Point Description
Japanese Yen Futures: 1 point = $.000001 per Japanese yen = $12.50 per contract
Japanese Yen Options: 1 point = $.000001 per Japanese yen = $12.50 per contract

Minimum Price Fluctuation
Japanese Yen Futures: Regular/0.000001 = $12.50, Calendar Spread/0.0000005 = $6.25, All or none/0.0000005 = $6.25
Japanese Yen Options: Regular/0.000001 = $12.50, Cab 0.0000005 = $6.25, Special "Half Tick" 0.0000005 = $6.25 for premium < 0.000005, spreads w/net premium < 0.000005, non-generic combo trades < 0.000010.

Options Strike Prices
Japanese Yen Options: $0.0001 per Japanese yen, e.g. $0.0072, $0.0071 plus $0.00005 intervals for the first 7 listed expirations, e.g. $0.00725, $0.00735.

Product Code
Japanese Yen Futures: Clearing=J1, Ticker Calls=JY, GLOBEX2=6J, PRS=JY, AON=LJ, (100 Threshold) Options: Clearing Calls/Puts=J1, Ticker Calls=CJ, Ticker Puts=PJ PRS Calls/Puts=OJ, Weekly expiration Options: Calls=1JC/5JC, Puts=1JP/5JP, AON=LJ, (100 Threshold)

**Click Here Now! for actual Japanese yen futures and options quotes, prices, expirations, charts .....

 

The No Nonsense Guide to Buying and Selling Options

 

 

Also visit: British Pound Futures, Canadian Dollar Futures, Euro Currency Futures, Japanese Yen Futures, Swiss Franc Futures

 

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The information presented in this commodity futures and options site is not investment advice and is for informational purposes only. No guarantees are being made to its accuracy or completeness. This information can be considered a solicitation to enter into a derivatives trade. Investing in futures and options carries substantial risk of loss and is not suitable for some people. Past or simulated performance is not indicative to future results.