Currencies
CME Saw Busiest Day for Yen Trades Since 2016 as Currency Surged
- Exchange’s EBS platform saw $77 billion dollar-yen spot trades
- BOJ accounts suggest authorities intervened to boost currency
The CME Group headquarters in Chicago.
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Monday was the busiest day for spot trading in the Japanese yen since November 2016, according to CME Group, the world’s largest regulated currency marketplace.
More than $77 billion traded in the dollar-yen pair on CME’s spot EBS platform, compared with $31 billion on Friday, a representative for the exchange said in an emailed response to questions. The bulk of the activity — about $63.7 billion — occurred before 9 a.m. in London.