August 7, 2024
(Tokyo Foreign Exchange Market Committee)
The Tokyo Foreign Exchange Market Committee (TFEMC) today released the results of its Turnover Survey of Tokyo Foreign Exchange Market covering transactions in April 2024 (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 appropriate 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 April 2024 increased compared with the previous survey which covered transactions in October 2023. By trading instrument, turnover increased in FX swaps and spot transactions.
Chairperson
Tokyo Foreign Exchange Market Committee
INOUE Yoshiyasu, Mr. (Fixed Income Division, Morgan Stanley MUFG Securities Co., Ltd.)
Phone: 81-3-6836-6264
E-Mail:yoshiyasu.inoue@morganstanleymufg.com
Chairperson
Sub-Committee on Market Research
SUZUKI Yasutada, Mr. (Trading Department, Sumitomo Mitsui Banking Corp.)
Phone: 81-3-6706-8116
E-mail:suzuki_yasutada@dn.smbc.co.jp
Secretary
Tokyo Foreign Exchange Market Committee
SAKURA Kenichi, Mr. (Financial Markets Department, Bank of Japan)
Phone: 81-3-3277-3543
E-mail:kenichi.sakura@boj.or.jp
The TFEMC surveys turnover in 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 31st survey since its inception in 2006.
Similar surveys are conducted and released semiannually by overseas FX market committees in London, New York, Singapore, Hong Kong, Sydney, and Canada.