FX Week



 Merrill Lynch reports total revenue from principal transactions (which includes FX) for the three months ended June 26 was $972 million, down 16 per cent from the $1.15 billion reported in Q2 1997. Overall, Merrill's principal transactions revenue for the first half was off 4 per cent on last year, to $2.12 billion from $2.22 billion.

 The Bank of Japan reports average daily dollar/yen turnover volume for the week ended July 10 was $12.3 billion, down from the $18.3 billion reported the

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