Japan, Australia Currency Trading Volume Falls, Surveys Show

Currency trading volume in Japan and Australia decreased in April, the nations’ foreign-exchange committees said on their websites today.

The average daily trading volume of foreign currencies in Tokyo fell 7.6 percent to $262.8 billion in April from a year earlier, Japan’s Foreign Exchange Market Committee said, citing a survey of financial institutions.

The decrease in transactions reflects lower volatility in major currency pairs, the committee said in a statement. Spot trading dropped 13 percent and currency options declined 36 percent, while forward trading increased 2.8 percent, according to the survey.

Average daily turnover in Australia slid 20 percent to $175.7 billion, compared with the same month a year earlier, the Australian Foreign Exchange Committee said today, citing a similar poll.

To contact the reporters on this story: Monami Yui in Tokyo at myui1@bloomberg.net; Hiroko Komiya in Tokyo at hkomiya1@bloomberg.net.

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net.

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