Micro Japanese Yen (M6J) Futures Contract Specifications

What Are Micro Japanese Yen (M6J) Futures?

Micro Japanese Yen Futures (M6J) are 1/10th the size of the standard Japanese Yen Futures, offering traders a more accessible way to gain exposure to the USD/JPY exchange rate. These smaller contracts are ideal for retail traders or those looking for more precise position sizing.

Contract Size

Contract Size: 1,250,000 Japanese Yen

Example: This contract size allows traders to gain exposure to currencies with controlled leverage and risk.

Tick Value and Increment

  • Tick Size: 0.000001 USD per Yen (1 pip)
  • Tick Value: $1.25 per tick
  • Point Value: $12.50 per 0.0001

These specifications make Micro Japanese Yen (M6J) Futures suitable for traders seeking exposure to currencies markets.

Trading Hours

Micro Japanese Yen (M6J) Futures trade with extended hours, providing flexibility for traders in different time zones.

  • Trading Hours: Sunday to Friday, nearly 24 hours a day with a short break
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: M6J

Margins

To trade Micro Japanese Yen (M6J) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade Micro Japanese Yen (M6J) Futures?

  • Lower capital requirements than standard Japanese Yen contracts
  • Perfect for smaller accounts or precise position sizing
  • Same trading hours and price movements as the standard contract
  • Ideal for new traders learning currency futures trading
  • Allows for more granular risk management in USD/JPY exposure

Position Sizing for Micro Japanese Yen (M6J) Futures

Proper position sizing is crucial when trading Micro Japanese Yen (M6J) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.

Position Size Calculator Example

For Micro Japanese Yen (M6J) Futures (M6J):

  • Tick Size: 0.000001 USD per Yen (1 pip)
  • Tick Value: $1.25 per tick
  • Point Value: $12.50 per 0.0001

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 12.50 per 0.0001 = $125

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $125 = 4 contracts