|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 - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)||Open Outcry:||Monday - Friday 7:20 a.m. – 2:00 p.m. CT||CME ClearPort:||Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)|
|Product Code||CME Globex: 1JY,2JY,3JY,4JY,5JYCME ClearPort: 1JY,2JY,3JY,4JY,5JYOpen Outcry: 1JY,2JY,3JY,4JY,5JYClearing: 1JY,2JY,3JY,4JY,5JY|
|Listed Contracts||Weekly contracts listed for 4 consecutive weeks. No weekly option listed the week of the quarterly or serial option expiration.|
|Settlement Procedures||Option on physical delivery futures contract|
|Termination Of Trading||Trading terminates at 9:00 a.m. CT on Friday of the contract week.|
|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 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|