# Japan

### External Coverage

Spot index values for Japan indices are available during the local cash session (9:00 AM - 11:30 AM and 12:30 PM - 3:30 PM JST, Monday through Friday).

Traditional futures quotes from institutional liquidity providers are available 23/5 (Sunday 6:00 PM ET through Friday 5:00 PM ET, with daily gaps from 5:00–6:00 PM ET).

TradeXYZ's equity index pricing methodology combines these sources to derive external spot pricing 23/5.

### Internal Coverage

* Weekdays (JST)
  * 6:00 AM - 7:00 AM 
* Weekends (JST)
  * Saturday 6:00 AM - Monday 7:00 AM 
* Holidays
  * [Holiday Closures](/consolidated-resources/holiday-closures.md)

#### JP225

Japan 225 (JP225) tracks a JPY-denominated, price-weighted index of 225 leading Japanese companies and serves as a widely followed benchmark for the Japanese equity market. The oracle follows the index’s native local-currency level without FX conversion. JP225 is a quanto derivative: P\&L is based on JPY index movement and is cash-settled in USDC.

#### Roll Schedule

| Underlying Suffix | Active Until (applies to both SP500 and XYZ100) | Expiration (applies to both SP500 and XYZ100) |
| ----------------- | ----------------------------------------------- | --------------------------------------------- |
| H6                | `2026-03-09T00:30:00 UTC`                       | `2026-03-13T00:00:00 UTC`                     |
| M6                | `2026-06-08T00:30:00 UTC`                       | `2026-06-12T00:00:00 UTC`                     |
| U6                | `2026-09-07T00:30:00 UTC`                       | `2026-09-11T10:00:00 UTC`                     |
| Z6                | `2026-12-07T00:30:00 UTC`                       | `2026-12-11T00:00:00 UTC`                     |


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.trade.xyz/asset-directory/equity-indices/japan.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.