Tokyo Forex Expands Asian Currencies Trading Business

- By FX Markets Staff
- @FXMarkets_
- 12 Sep 1994

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Tokyo Forex has broken new ground among Japanese foreign exchange by establishing a new desk to handle Asian currencies in a move which has been welcomed by banking sources in Tokyo.

The new desk, which began operations at the beginning of September, was originally to have been launched in May but was delayed due to "poor earnings prospects," officials say.

Tokyo Forex is expecting a volume of some $500 million a month in all Asian currencies, which it admits is a low figure, but officials

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