CME
Japanese Yen (6J) Tick Value & Contract Specs
Tick value $6.25 per tick — 12,500,000 Japanese yen.
Japanese Yen futures (6J) are quoted the opposite way round from the spot pair most traders watch. Spot is USD/JPY, yen per dollar, while 6J is priced in US dollars per yen, so the contract rises when the yen strengthens and falls when the USD/JPY chart rises. One contract is 12,500,000 yen, the minimum tick is 0.0000005 dollars per yen, and each tick is worth $6.25. Because the price runs to seven decimal places, some platforms display it rescaled, so check how yours shows it before reading a level off another source.
The yen behaves as a funding and safe-haven currency. Japan's long stretch of near-zero interest rates made it the classic currency to borrow in carry trades, so when global risk appetite breaks, those trades unwind and the yen tends to rally sharply, often on the same days equities fall. Bank of Japan meetings, shifts in its bond-buying policy and Ministry of Finance warnings about intervention are the events that move 6J most. Once the inverted quote is accounted for, sizing works like any other CME currency: count the ticks between entry and stop, multiply by $6.25, then by the number of contracts. The calculator below is pre-filled with 6J's specs.
- Exchange
- CME
- Contract size
- 12,500,000 Japanese yen
- Tick size
- 5e-7
- Tick value
- $6.25
- Point value (multiplier)
- $12500000
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
- Margin
- Margin varies by broker and tends to rise around Bank of Japan decisions and periods of intervention risk.
How 6J tick value works
Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).
tick value = tick size × multiplier. For 6J, that is 5e-7 × $12500000 = $6.25 per tick, per contract.
One contract represents 12,500,000 Japanese yen. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
6J contract months and ticker symbols
A futures ticker is three parts: the root, a one-letter delivery month, and the year. 6JZ2026 is the December 2026 6J contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.
| Code | Month | Listed for 6J? |
|---|---|---|
| F | January | Yes — 6JF |
| G | February | Yes — 6JG |
| H | March | Yes — 6JH |
| J | April | Yes — 6JJ |
| K | May | Yes — 6JK |
| M | June | Yes — 6JM |
| N | July | Yes — 6JN |
| Q | August | Yes — 6JQ |
| U | September | Yes — 6JU |
| V | October | Yes — 6JV |
| X | November | Yes — 6JX |
| Z | December | Yes — 6JZ |
All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
Which 6J contract am I looking at?
Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.
| Written as | Platform | Meaning |
|---|---|---|
| 6J1! | TradingView | Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. 6JZ2026. |
| 6J00 | Barchart | Continuous front-month series. "6JZ26" style codes name a specific month and year instead. |
| 6Jc1 | Refinitiv / Reuters | Continuous front month; c2 is the second month out. |
| /6J | thinkorswim, tastytrade | The leading slash marks it as a future rather than a stock. A specific month is /6JZ26. |
| 6J=F | Yahoo Finance | The "=F" suffix denotes the front-month futures series. |
| $6J | StockTwits, social | A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous. |
A dated code such as 6JZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.
Frequently asked questions
- What is the tick value for 6J?
- $6.25 per tick — a 5e-7 tick size × a $12500000 multiplier (point value).
- What is one 6J contract worth?
- One contract represents 12,500,000 Japanese yen. Notional value = price × $12500000; use the tick value calculator with the current price for an exact figure.
- Which exchange lists 6J?
- Japanese Yen (6J) trades on the CME.
- What are the trading hours for 6J?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
- How much margin do I need to trade 6J?
- Margin varies by broker and tends to rise around Bank of Japan decisions and periods of intervention risk.
- What are the 6J contract months?
- 6J lists January, February, March, April, May, June, July, August, September, October, November and December. All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
- What does 6JZ2026 mean?
- It is one specific 6J contract: the root 6J, the delivery-month code Z, and the year. Z is December, so 6JZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
- What is 6J00, 6J1! or /6J?
- All three name the same thing: the continuous front-month 6J contract, written differently by different platforms. Barchart uses 6J00, TradingView 6J1!, thinkorswim and tastytrade /6J, Yahoo Finance 6J=F, and 6J on social media is usually written $6J. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
- How is P&L calculated for 6J?
- P&L = (exit price − entry price) ÷ 5e-7 tick size × $6.25 tick value × number of contracts. Use the tick value calculator to compute this directly.
More futures contract specs
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- 6C — Canadian DollarTick value $5.00 · CME
See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.
Specs last reviewed 2026-10-30. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.