Japan volumes breach symbolic barrier
News
The figures indicate the speed at which the country’s retail FX market is growing, with volume surging 51% above the ¥72 trillion reached in the fourth quarter of 2006.
Koji Fukaya, senior currency strategist at Deutsche Securities in Tokyo, said the volume surge in the first quarter could be explained by high market volatility in February and March. The German bank is pursuing this business by partnering with local retail aggregators to provide liquidity, but declined to disclose volume
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