Volume Survey

  • Results of Turnover Survey of Tokyo Foreign Exchange Market
  • Past Survey

    Results of Turnover Survey of Tokyo Foreign Exchange Market

    Jan 25, 2018
    (Tokyo Foreign Exchange Market Committee)

    PDF

    The Tokyo Foreign Exchange Market Committee (TFEMC) today released the results of its Turnover Survey of Tokyo Foreign Exchange Market covering transactions in October 2017 (see attached tables).

    The TFEMC conducts the survey in order to provide market participants with developments in the Tokyo foreign exchange (FX) market in an accurate and timely manner, thereby contributing to the sound growth of the market. In conducting the survey, the Financial Markets Department of the Bank of Japan provides technical assistance in collecting and processing the data of respective respondents.

    Turnover in October 2017 remained almost flat compared with the previous survey which covered transactions in April 2017. By trading instrument, turnover increased in spot transactions and decreased in FX swaps.

    Contacts

    Chairperson
    Tokyo Foreign Exchange Market Committee
    Akira Hoshino, Mr. (Global Markets Trading Division, Bank of Tokyo-Mitsubishi UFJ)
    Phone: 81-3-6214-4740
    E-Mail: akira_hoshino@mufg.jp

    Vice Chairperson
    Tokyo Foreign Exchange Market Committee
    Hiroaki Aoyama, Mr. (Forex Division, Mizuho Bank)
    Phone: 81-3-3201-5602
    E-Mail: hiroaki.aoyama@mizuho-bk.co.jp

    Secretary
    Tokyo Foreign Exchange Market Committee
    Hiroshi Shigemoto, Mr. (Financial Markets Department, Bank of Japan)
    Phone: 81-3-3277-3543
    E-Mail: hiroshi.shigemoto@boj.or.jp

    Notes

    The TFEMC actively conducts the turnover survey on the FX and OTC derivatives markets. The survey was conducted annually until 2011, covering FX transactions in April. From 2012, the survey has been conducted semiannually—in April and October—in order to grasp market developments in a more timely manner. This is the 18th survey since its inception in 2006.

    Similar surveys are conducted and released by overseas FX market committees in London, New York, Singapore, Hong Kong, Sydney, and Canada.

    Reporting Financial Institutions

    Bank of America
    Sumitomo Mitsui Banking Corporation
    Bank of Tokyo-Mitsubishi UFJ
    Sumitomo Mitsui Trust Bank
    Barclays Bank PLC
    UBS AG
    BNP Paribas
    Australia and New Zealand Banking Group
    Citibank, N.A., Tokyo Branch
    Bank of New York Mellon
    Credit Agricole CIB
    Commerzbank AG
    Deutsche Securities
    Hongkong and Shanghai Banking Corporation
    Goldman Sachs Securities
    Morgan Stanley MUFG Securities
    J.P. Morgan Chase Bank
    Nomura Trust and Banking
    Mitsubishi UFJ Trust and Banking Corporation
    Norinchukin Bank
    Mizuho Bank
    Resona Bank
    Nomura Securities
    Shinsei Bank
    RBS Securities
    Standard Chartered Bank
    Societe Generale
    Citigroup Global Markets Japan
    State Street Bank and Trust Company


    Past Survey(PDF Download)

    Results of turnover surveys covering transactions in April 2017 (released on 26 Jul 2017) and October 2016 (released on 24 Jan 2017) have been revised.