Trading in Japanese yen on Moscow Exchange forex market to be suspended from August 8

MOSCOW. July 25 (Interfax) - The Moscow Exchange is suspending trading in the Japanese yen on the forex market as of August 8 because of potential risks and complications in effecting settlements, the exchange said in a statement.

The restrictions will apply to spot and swap instruments in the Japanese yen/Russian ruble (JPYRUB) and the U.S. dollar/Japanese yen (USDJPY) currency pairs on the exchange and over-the-counter. Moreover, the Japanese yen will not be accepted as collateral for transactions on the Moscow Exchange markets.

The fulfillment of obligations under previously concluded transactions, as well as for transactions that are to be concluded until August 5, 2022, will be carried out as usual.

The Moscow Exchange Group will take all the necessary actions for the subsequent resumption of trading in the Japanese yen, according to the statement.