Nex launches new JPY benchmark and teams up with FFAJ

Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan

Tokyo skyline
Tokyo, Japan: “It is a huge honour to work with the FFAJ on this ambitious project" – Kevin Taylor

Nex Data and Nex Markets have launched a new benchmark for the yen – a fully electronic, transaction-backed reference rate, published daily at 3pm Tokyo time.

The benchmark is calculated