Tokyo foreign exchange falls by 16% in April
TOKYO - Tokyo foreign exchange turnover fell by 16% in April this year to $2.5 billion versus the same period last year, reveal statistics from the Tokyo Foreign Exchange Committee (TFEC) released late-July.
Spot FX turnover was down 33.3% to $70.2 billion in April versus the same time last year, falling behind regional rival, Singapore, where turnover fell 8% to $88 billion over the same period. FX options and forwards turnover in Tokyo were down 35.8% and 32.4% from April 2008, to $5.8 billion
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