Currency trading volume in Japan and Australia decreased in April, the nations’ foreign-exchange committees said on their websites today.
The average daily trading volume of foreign currencies in Tokyo fell 7.6 percent to $262.8 billion in April from a year earlier, Japan’s Foreign Exchange Market Committee said, citing a survey of financial institutions.
The decrease in transactions reflects lower volatility in major currency pairs, the committee said in a statement. Spot trading dropped 13 percent and currency options declined 36 percent, while forward trading increased 2.8 percent, according to the survey.
Average daily turnover in Australia slid 20 percent to $175.7 billion, compared with the same month a year earlier, the Australian Foreign Exchange Committee said today, citing a similar poll.
To contact the reporters on this story: Monami Yui in Tokyo at firstname.lastname@example.org; Hiroko Komiya in Tokyo at email@example.com.
To contact the editor responsible for this story: Rocky Swift at firstname.lastname@example.org.