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JPY/USD Weekly Wednesday Options - Contract Specs

Options
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)
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)
Open Outcry: Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
Product Code CME Globex: WJ1,WJ2,WJ3,WJ4,WJ5
CME ClearPort: WJ1,WJ2,WJ3,WJ4,WJ5
Open Outcry: WJ1,WJ2,WJ3,WJ4,WJ5
Clearing: WJ1,WJ2,WJ3,WJ4,WJ5
Listed Contracts Weekly contracts listed for 4 consecutive weeks
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Trading terminates at 9:00 a.m. CT on Wednesday 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.
Settlement Method Deliverable
Underlying Japanese Yen Futures