Volume Survey

Results of Turnover Survey of Tokyo Foreign Exchange Market

January 29, 2019
(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 2018 (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 2018 modestly decreased compared with the previous survey which covered transactions in April 2018. By trading instrument, turnover increased in spot transactions and decreased in forward transactions and FX swaps.

Contacts

Chairperson
Tokyo Foreign Exchange Market Committee
Akira Hoshino, Mr. (Global Markets Sales and Trading Division, MUFG Bank, Ltd)
Phone: 81-3-6214-4740
E-mail: akira_hoshino@mufg.jp

Chairperson
Sub-Committee on Market Research
Masaru Ishibashi, Mr. (Trading Department, Sumitomo Mitsui Banking Corp.)
Phone: 81-3-6706-8303
E-mail: Ishibashi_Masaru@dn.smbc.co.jp

Secretary
Tokyo Foreign Exchange Market Committee
Toshihisa Hirose, Mr. (Financial Markets Department, Bank of Japan)
Phone: 81-3-3277-3543
E-mail: toshihisa.hirose@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 20th 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
MUFG Bank, Ltd
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
NatWest Markets Securities Japan, Ltd
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 2018(released on 24 Jul 2018) and October 2017(released on 25 Jan 2018) have been revised.