Currencies
Yen Trading Volume Hits 2023 Record at Biggest Currency Exchange CME
- Volumes of futures, options hit year-to-date highs on Thursday
- Options suggest bullish sentiment toward yen near 2023 high
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Trading in the Japanese yen surged to its busiest this year after comments by Bank of Japan Governor Kazuo Ueda triggered speculation of a near-term policy shift.
CME Group Inc., the world’s largest regulated foreign-exchange marketplace, traded $74.8 billion in the Japanese currency on Thursday, the highest volume for 2023. That included a total of $39.4 billion worth of futures contracts and $4.2 billion of options.