What Are Japanese Yen Futures?
Japanese Yen Futures (6J) are futures contracts based on the value of the Japanese Yen (JPY) relative to the U.S. Dollar (USD). These contracts are used by traders, investors, and businesses to hedge or speculate on fluctuations in the value of the Japanese Yen. The value of the Yen is influenced by economic reports from Japan, interest rate policies, and global trade relations, making it a key currency in the foreign exchange market.
Contract Size
- Contract Size: 12,500,000 Japanese Yen.
Trading Hours
The Japanese Yen Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global currency markets.
- Sunday to Friday: 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.0001 (1 tick = 1 basis point).
- Tick Value: $12.50 per tick.
- Minimum Price Fluctuation: $0.0001 per JPY/USD.
This makes Japanese Yen Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the foreign exchange market.
Trading Symbol
- Platform Symbol: 6J
Margins
To trade Japanese Yen Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Japanese Yen Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Japanese Yen Futures are widely used by businesses and investors to hedge against fluctuations in the exchange rate between the Yen and the U.S. Dollar.
- Global Influence: The Japanese Yen is influenced by Japan’s economic performance, trade relations, and the policies of the Bank of Japan.
- Diversification: Add exposure to the foreign exchange market to complement equity or commodity investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of the Japanese Yen.
Start Trading 6J with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Japanese Yen Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.