Yen vol boosts BTM revenues

- By FX Markets Staff
- @FXMarkets_
- 31 May 2004

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FX revenues were up 29% to ¥84 billion ($794 million) for the financial year ending March 31, up from ¥65 billion ($550 million) the previous year.

A spokesperson partly attributed the rise to a "big jump" in customer transactions, "especially in relation to options that customers needed to hedge against the yen’s appreciation".

That demand mainly came from a range of corporates in a variety of industries, said Takashi Kimori, BTM deputy general manager of FX and treasury in Tokyo.

He explained

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