LOOSE CHANGE

LOOSE CHANGE

The Foreign Exchange Committee and the British Bankers' Association sent out the International Currency Options Market Master Agreement and Guide earlier this week. The 39 page booklet provides full text of the legal agreement and additional commentary on current market practices and explanations of various provisions of the Master Agreement and their significance.

The Bank of Japan reported that dollar/yen turnover in Tokyo inched higher in the week ended April 24 to $5.41 billion a day on

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