FinanceMagnates
Global
foreign exchange (Forex) derivatives reached a record $130 trillion in notional
value by mid-2024, surging 10% from the previous year, driven largely by
unprecedented activity in yen-related contracts amid speculation about Japan’s
monetary policy shift.Yen Trading Frenzy Drives
Global FX MarketsAccording
to the newest Bank of International Settlements (BIS) OTC derivatives
statistics…
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FX Derivatives Surge 10% to $130T as Yen Trading Hits Record Levels
Damian Chmiel
14:21
Global foreign exchange (Forex) derivatives reached a record $130 trillion in notional value by mid-2024, surging 10% from the previous year, driven largely by unprecedented activity in yen-related contracts amid speculation about Japan’s monetary policy shift.Yen Trading Frenzy Drives Global FX MarketsAccording to the newest Bank of International Settlements (BIS) OTC derivatives statistics…
