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Premium Quoted European Style Options on Japanese Yen/US Dollar Futures Contract Specs

Options
Contract Unit One futures contract for 12,500,000 Japanese yen
Minimum Price Fluctuation $.000001 per Japanese yen increments ($12.50/contract). Also, trades may occur at $.0000005 ($6.25), $.0000015 ($18.75), $.0000025 ($31.25), $.0000035 ($43.75), $.0000045 ($56.25), when price is below five ticks of premium.
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Open Outcry: Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Product Code CME Globex: JPU
CME ClearPort: JPU
Open Outcry: JPU
Clearing: JPU
Listed Contracts Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus 3 serial months
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Trading terminates on the second Friday immediately preceding the third Wednesday of the contract month. (2:00 p.m. CT)
Position Limits CME Position Limits
Exchange Rulebook CME 253A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European
Settlement Method Deliverable
Underlying Japanese Yen Futures