Osaka Exchange to List FX Futures
Posted by Colin Lambert. Last updated: May 26, 2025
Osaka Exchange, the derivatives market of Japan Exchange Group, has unveiled plans to launch FX futures in 2026 and is inviting public comments.
The exchange says it plans to start trading in USD/JPY, EUR/JPY and CNH/JPY on 13 April 2026, following “strong investor demand for a one-stop service to hedge against foreign exchange risks arising from trading on OSE’s markets”. The move will put it into competition with the Tokyo Financial Exchange, currently the largest FX futures venue in Japan.
OSE plans to offer cash-settled 10,000 dollar and euro contracts, alongside 100,000 yuan, and will use the WMR Tokyo 5pm Benchmark as the underlying financial indicator – the exchange stresses that yuan trading will be in offshore CNH only.
It will operate two trading sessions per day, with an opening and closing auction for each, and five contracts will be available in the March quarterly cycle, with a trading period of one year and three months for each contract. Contracts will mature on the third Wednesday of the contract month with trading halting two days before that.
