Yen volumes of 29 times normal on January 2 open – CLS figures

Soaring volumes coincide with higher volatility in yen crosses in early hours of Asian trading session

dollar-yen
USD/JPY: volatility rarely topped 6% in latest equity bull run, possibly warning of higher volatility to come, says Neil Mellor

Volumes in yen pairs skyrocketed in the early hours of January 2 by a factor of 29 against the dollar, as frantic trading saw the Japanese currency make significant gains against its peers, CLS data reveals.

USD/JPY trading volumes received by the FX settlement firm at the start of the Asian trading session – between 10pm and 11pm Greenwich Mean Time (GMT) – on the second day of this year soared to $15.3 billion, compared with an estimated $525 million on an average trading day during the same

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: