General

Russia's Moscow Exchange began to suspend foreign exchange transactions related to the yen against the ruble and the dollar against the yen on the 8th. Analysts believe that the move is mainly related to the potential risks of the yen settlement.

The trading system of the Moscow Exchange on the same day showed that the transaction data of the yen to the ruble and the dollar to the yen have stopped updating. In addition, from that day onwards, the Japanese yen is no longer accepted as collateral for trading on the Moscow Exchange market.

The Moscow Exchange issued an announcement on the matter on July 25. The exchange said obligations involved in previously completed transactions would be fulfilled as usual, and the exchange would take "all necessary actions to resume trading in the yen thereafter."

Vashchenko, a Russian foreign exchange practitioner, told RIA Novosti that the suspension of yen trading on the Moscow Exchange is more of a signal to investors that there are risks in the currencies of countries unfriendly to Russia, and measures must be taken to reduce these risks .

Since March this year, Japan has imposed a series of sanctions on Russia, and the trade volume between Russia and Japan has declined. Russian financial analyst Belyaev believes that the United States may impose restrictions on Russia's settlement and transactions in Japanese yen, and the sharp fluctuations in the yen exchange rate will lead to losses for investors.