Tokyo Seen As Second Most Active FX Center New York Slips To Third, London Remains On Top
BANKS
Tokyo is now the second most active foreign exchange trading center in the world according to most of the participants surveyed last week. New York, which nudged Tokyo out for second place in the 1989 Bank for International Settlement central bank foreign exchange trading survey, has since fallen into third place they say.
Although official volume figures are not available to confirm those conclusions, many are absolutely convinced. "I'd say that's definitely the case, that the Japanese market
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