Japanese Yen
Futures and Options
JPY/USD Weekly Tuesday Options - Contract Specs
| Contract Unit | One futures contract for 12,500,000 Japanese yen |
|---|---|
| Minimum Price Fluctuation | 0.000001 per Japanese yen increment = $12.50 0.0000005 per Japanese yen increment = $6.25 for premium below 0.000005 |
| Price Quotation | U.S. dollars and cents per Japanese yen increment |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Product Code | CME Globex: TJ1,TJ2,TJ3,TJ4,TJ5 CME ClearPort: TJ1,TJ2,TJ3,TJ4,TJ5 Clearing: TJ1,TJ2,TJ3,TJ4,TJ5 |
| Listed Contracts | Weekly contracts listed for 2 consecutive weeks |
| Settlement Procedures | Physical - Exercise into Futures |
| Termination of Trading | Trading terminates at 9:00 a.m. CT on Tuesday of the contract week. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed. In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned. An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put. |
| Settlement Method | Deliverable |
| Underlying | Japanese Yen/U.S. Dollar (JPY/USD) Futures |
