FX Week



American Express Bank reports foreign exchange income of $101 million for the year ended December 31, up 40 per cent from $72 million in 1996. For the fourth quarter, FX income was up by 138 per cent to $38 million versus $16 million the previous year.

The Bank of Japan reports average daily dollar/yen turnover volume for the week ended January 23 was $17.08 billion, up from $14.08 billion reported the previous week ended January 16. Average daily dollar/mark turnover for the same period

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