|Contract Unit||One futures contract for 12,500,000 Japanese yen|
|Minimum Price Fluctuation||0.01 per Japanese yen increment|
|Price Quotation||U.S. dollars and cents per Japanese yen increment|
|Trading Hours||Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT|
|Product Code||CME Globex: VXJClearing: VXJ|
|Listed Contracts||Eight (8) months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus eight (8) serial months.|
|Settlement Procedures||Physical-Exercise into Futures|
|Termination Of Trading||Trading terminates at 4:00 p.m. CT on the business day before the second Friday prior to the third Wednesday of the contract month.|
|Position Limits||CME Position Limits|
|Exchange Rulebook||CME 253A|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|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.
|Underlying||Japanese Yen Futures|