CME · Currencies · Futures
CME Japanese Yen (6J) is ¥12,500,000 quoted in U.S. dollars per yen – the inverse of the usual USD/JPY spot quote – and trades nearly 24 hours a day on CME Globex.
| Symbol | Contract | Per pip | Tick value | Size |
|---|---|---|---|---|
| 6J | Japanese Yen | $12.50 | $6.25 | This contract |
| MJY | Micro JPY/USD | $1.25 | $1.25 | 1/10 of 6J |
Source: CME Group contract specifications · reviewed Sep 30, 2026
| Contract | Roll date | First notice | Last trading day | Days left |
|---|---|---|---|---|
| 6JZ26 Dec 2026 Active | Mon, Dec 7, 2026 | n/a | Mon, Dec 14, 2026 | 76 |
| 6JH27 Mar 2027 | Mon, Mar 8, 2027 | n/a | Mon, Mar 15, 2027 | 167 |
| 6JM27 Jun 2027 | Mon, Jun 7, 2027 | n/a | Mon, Jun 14, 2027 | 258 |
| 6JU27 Sep 2027 | Fri, Sep 3, 2027 | n/a | Mon, Sep 13, 2027 | 349 |
| 6JZ27 Dec 2027 | Mon, Dec 6, 2027 | n/a | Mon, Dec 13, 2027 | 440 |
| 6JH28 Mar 2028 | Mon, Mar 6, 2028 | n/a | Mon, Mar 13, 2028 | 531 |
Roll. Liquidity moves to the next quarter about a week before expiry. The date shown is five business days before the last trading day.
First notice day. No first notice day. The contract settles by physical delivery of currency on the third Wednesday – brokers require positions to be closed or rolled before the last trading day.
Last trading day. Second business day before the third Wednesday of the contract month (trading ends 9:16 a.m. CT).
US exchange holidays ahead: Nov 26 · Dec 25 · Jan 1 · Jan 18 · Feb 15 · Mar 26 · May 31 · Jun 18
Calculated from exchange rules and the US exchange holiday calendar. Confirm with the CME Group expiration calendar.
| Session | Eastern (ET) | Central (CT) | Your time |
|---|---|---|---|
| CME Globex (electronic) | Sun–Fri 6:00 p.m. – 5:00 p.m. | Sun–Fri 5:00 p.m. – 4:00 p.m. | – |
| Daily maintenance break | Mon–Thu 5:00 – 6:00 p.m. | Mon–Thu 4:00 – 5:00 p.m. | – |
| US session (reference) | Mon–Fri 8:20 a.m. – 3:00 p.m. | Mon–Fri 7:20 a.m. – 2:00 p.m. | – |
| Daily settlement | 3:00 p.m. | 2:00 p.m. | – |
Holiday hours differ – check the CME holiday calendar before trading around US holidays. ET is New York time, CT is Chicago time (always one hour behind ET).
| Contract | Maintenance |
|---|---|
| Oct 2026 – Dec 2026 Active | $2,800 |
| Jan 2027 – Sep 2031 | $2,800 |
Exchange margins are the minimum your clearing firm must collect for positions held overnight. Brokers may require more – and usually offer much lower day-trading margins for positions closed before the session ends. A neutral broker day-margin comparison is coming soon.
−108,284 net contracts
+60,286 vs. prior week · −28.6% of OI
Movement (6 wk): −28
Banks and dealers on the other side of client flow. Tend to act contrarian – selling strength, buying weakness.
+41,629 net contracts
−12,216 vs. prior week · +11.0% of OI
Movement (6 wk): +30
Pension funds, insurers and mutual funds – including currency hedging of foreign holdings.
+7,423 net contracts
−15,747 vs. prior week · +2.0% of OI
Movement (6 wk): +39
Hedge funds and CTAs. Trend followers – their net position tends to run with price and peaks near turning points.
| Group | Long | Short | Net | Δ 1 wk | Δ 4 wk | Index 26 wk | Index 3 yr | Move 6 wk |
|---|---|---|---|---|---|---|---|---|
| Dealers / Intermediaries | 56,693 | 164,977 | −108,284 | +60,286 | −151,222 | 20 | 34 | −28 |
| Asset Managers | 110,732 | 69,103 | +41,629 | −12,216 | +61,745 | 91 | 62 | +30 |
| Leveraged Funds | 92,923 | 85,500 | +7,423 | −15,747 | +84,465 | 89 | 80 | +39 |
| Other Reportables | 57,445 | 2,645 | +54,800 | −32,440 | −3,959 | 41 | 57 | −7 |
| Nonreportables | 38,097 | 33,665 | +4,432 | +117 | +8,971 | 83 | 45 | +30 |
| Group | Long | Short | Net | Δ 1 wk | Δ 4 wk | Index 26 wk | Index 3 yr | Move 6 wk |
|---|---|---|---|---|---|---|---|---|
| Commercials | 143,954 | 220,368 | −76,414 | +48,260 | −144,251 | 17 | 32 | −32 |
| Non-Commercials | 192,274 | 120,292 | +71,982 | −48,377 | +135,280 | 83 | 70 | +31 |
| Nonreportables (small) | 38,097 | 33,665 | +4,432 | +117 | +8,971 | 83 | 45 | +30 |
| Report date | Dealers / Intermediaries | Asset Managers | Leveraged Funds | Other Reportables | Nonreportables | Open interest |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | −108,284 | +41,629 | +7,423 | +54,800 | +4,432 | 378,701 |
| Sep 15, 2026 | −168,570 | +53,845 | +23,170 | +87,240 | +4,315 | 542,802 |
| Sep 8, 2026 | −39,477 | −570 | −49,098 | +85,900 | +3,245 | 499,635 |
| Sep 1, 2026 | +79,321 | −24,521 | −102,188 | +52,722 | −5,334 | 411,882 |
| Aug 25, 2026 | +42,938 | −20,116 | −77,042 | +58,759 | −4,539 | 384,216 |
| Aug 18, 2026 | +43,970 | −25,743 | −67,971 | +57,925 | −8,181 | 380,811 |
| Aug 11, 2026 | +23,257 | −26,251 | −53,070 | +62,748 | −6,684 | 391,874 |
| Aug 4, 2026 | +31,423 | −42,422 | −60,825 | +76,919 | −5,095 | 419,393 |
| Jul 28, 2026 | +139,337 | −83,057 | −101,990 | +40,323 | +5,387 | 432,366 |
| Jul 21, 2026 | +133,699 | −79,906 | −96,185 | +45,165 | −2,773 | 423,796 |
| Jul 14, 2026 | +92,174 | −53,817 | −90,461 | +52,859 | −755 | 396,514 |
| Jul 7, 2026 | +87,279 | −48,653 | −90,083 | +50,502 | +955 | 398,103 |
Source: CFTC Public Reporting Environment · contract market code 097741 (JAPANESE YEN - CHICAGO MERCANTILE EXCHANGE)
Before commissions and exchange fees. Prices round to the nearest tick of 0.0000005.
One tick is 0.0000005 USD per yen, worth $6.25 per contract. One pip (0.000001) is worth $12.50.
6J is quoted in U.S. dollars per yen (e.g. 0.0067), the inverse of the spot quote USD/JPY (e.g. 149). A rising 6J means a stronger yen.
About a week before expiry in March, June, September and December, when liquidity moves to the next quarter.
The COT Index places a group's current net position within its own range over a lookback window: 100 = the most net long in that window, 0 = the most net short. It measures positioning extremes, not timing.