Yen vol boosts BTM revenues

FX revenues were up 29% to ¥84 billion ($794 million) for the financial year ending March 31, up from ¥65 billion ($550 million) the previous year.

A spokesperson partly attributed the rise to a "big jump" in customer transactions, "especially in relation to options that customers needed to hedge against the yen’s appreciation".

That demand mainly came from a range of corporates in a variety of industries, said Takashi Kimori, BTM deputy general manager of FX and treasury in Tokyo.

He explaine