LOOSE CHANGE

LOOSE CHANGE

The Bank of Japan reported that dollar/yen turnover in Tokyo slid in the week ended May 22 to an average of $5.27 billion a day. Turnover was off from levels the previous week, when it averaged about $6.97 billion a day.

Bankers Trust, which refused to break out its foreign exchange trading revenue in the first quarter, may be attempting to cloud the fact that it has chosen to emphasize it foreign exchange funds management business. Foreign exchange trading revenues have slumped as a result

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