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FX Futures (Scheduled to be listed April 13, 2026)

Contract Specifications

  USD/JPY Futures CNH/JPY Futures EUR/JPY Futures
Underlying Index The amount of Japanese Yen equivalent to one United States Dollar The amount of Japanese Yen equivalent to one Offshore Chinese Yuan The amount of Japanese Yen equivalent to one Euro
Opening Date (Scheduled to be listed) April 13, 2026
Trading Hours 8:45-15:45, 17:00-6:00
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Trading Hours
Contract Months Five contracts in the March quarterly cycle
Last Trading Day Two business days before the third Wednesday of the contract month
SQ Day The business day following the last trading day
Contract Unit USD 10,000 CNH 100,000 EUR 10,000
Tick size JPY 0.01 per USD 1 JPY 0.001 per CNH 1 JPY 0.01 per EUR 1
Price Limits
  1. The price limit range shall be calculated by multiplying the reference price of price limits by the following rates.
    Normal 8%
    1st Expansion 12%
    2nd Expansion 16%
    (Note) The price limits will be expanded to the 1st expansion of price limits, and then to the 2nd expansion of price limits (Only price limits in one direction, up or down, will be expanded.)
    Price Limits/ Circuit Breaker Rule
    (Note) OSE may review price limit temporarily.

  2. Immediately Executable Price Range Rule(DCB):LTP or BBO mid price ±0.8%
    (Note) However, the DCB Price Range for Opening Auction and Closing Auction will be ±3.0% and ±1.5% respectively.
    Immediately Executable Price Range Rule
Circuit Breaker Rule (SCB) In the case where there was a trade, etc. in the central contract month at the upper or lower price limit range, trading in all contract months will be suspended for at least 10 minutes.
Price Limits/ Circuit Breaker Rule
Strategy Trades The calendar spread trading is available.
J-NET Trading Available (Tick size: JPY 0.0001, Minimum trading unit: 1 unit)
Holiday Trading Available
Holiday Trading
Daily Settlement Price Last traded price, etc. from 3:30 p.m. until the end of the Day Session
(Note) If necessary, notwithstanding the above, the settlement price will be adjusted as deemed appropriate by JSCC.
Final Settlement Price The WMR FX Benchmark intraday spot rates available at 5:00 p.m. on the last trading day and rounding it to the fourth decimal place
Margin Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
Settlement Cash Settlement
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System (JSCC)