CME Group Japanese Yen

From MarketsWiki
Jump to navigation Jump to search


Occ-banner.png


Japanese yen Futures
Contract Unit 12,500,000 Japanese yen
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 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
Minimum Price Fluctuation Outrights: 0.0000005 per JPY increment = $6.25

Consecutive month spreads: 0.0000001 per JPY increment = $1.25 All other Spread Combinations: 0.0000002 per JPY increment = $2.50

Product Code CME Globex: 6J

CME ClearPort: J1

Clearing: J1

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 20 consecutive quarters and serial contracts listed for 3 consecutive months.
Settlement Method Deliverable
Termination of Trading Trading terminates at 9:16 a.m. CT on the second business day prior to the third Wednesday of the contract month.
Settlement Procedures Physical Delivery

JPY/USD Futures Settlement Procedures

Position Limits CME Position Limits
Exchange Rulebook CME 253
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Japanese Yen 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)
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,5JY

CME ClearPort: 1JY,2JY,3JY,4JY,5JY

Open Outcry: 1JY,2JY,3JY,4JY,5JY

Clearing: 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
Excahnge Rulebook CME 253A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.)
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

Notes[edit]

E-quivalents®, a Web-based application that displays real-time CME Group eFX futures prices in spot equivalent terms is available for traders accustomed to trading FX spot markets. [1]

Also See[edit]

CME Group foreign currency products


Resources[edit]