Japanese Yen added to MOEX FX offering


Moscow Exchange (MOEX) has announced that it has added Japanese Yen/Russian Rouble (JPY/RUB) currency pair for trading, alongside US Dollar/Swiss Franc (USD/CHF), US Dollar/Chinese Yuan (USD/CNY), US Dollar/Kazakh Tenge (USD/KZT) and US Dollar/Turkish Lira (USD/TRY) currency pairs.

JPY/RUB currency pair will be traded from 10:00-17:45 MSK with same day settlement.

The rest of the pairs (USD/CHF, USD/CNY, USD/KZT, USD/TRY) will be traded as follows:

  • 10:00-10:45 for same day settlement,
  • 10:00-11:00 for overnight swaps,
  • 10:00-23:50 MSK for settlement on T+1 and T+2 and tom/spt swaps.

In the first day of trading, ten banks traded the Japanese Yen. Among the most active ones were Iturup Bank, bank Levoberezhny, Kamchatsky Commercial Agroprombank, Bank Koltso Urala, Primorye Bank, Primsotsbank and SBC, as they provide services to clients involved in cross-border trade with Japan.

The FX trading volume for the first 11 months of 2018 ended 30 November was RUB 322 trillion, of which RUB 80 trillion were spot instruments (up 10% YoY).

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