CME Group Japanese Yen Contract Specifications

CONTRACT UNIT

12,500,000 Japanese yen

PRICE QUOTATION

U.S. dollars and cent per JPY 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 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. - 6:00 p.m. CT

MINIMUM PRICE FLUCTUATION

CME Globex:

0.0000005 per JPY increment = $6.25
Spreads: 0.0000002 per JPY increment = $2.50

CME ClearPort:

0.0000001 per JPY increment = $1.25

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 months 

SETTLEMENT METHOD

Deliverable

TERMINATION OF TRADING

Trading terminates at 9:16 a.m. CT, 2 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

 

 


 

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