Yen volatility drives record turnover, central bank surveys reveal
Volume was up across forex products in the UK and US in April 2013, with nearly $1 trillion traded daily in the US and more than $2.5 trillion in the UK
The US and the UK saw record turnover in foreign exchange in April, as a yen volatility spike led to a major pickup in investor activity, according to figures published yesterday by the forex committees of the Bank of England and the Federal Reserve Bank of New York.
In the US, average daily turnover shot up from $794 billion in October 2012 to $1.007 trillion in April 2013, according to the New York Fed FX Committee's semi-annual survey. In the UK, the Bank of England's Foreign Exchange Joint
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