The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) FX and binary options figures for the month ending July 2016, which saw continuing growth MoM in trading volume for the second consecutive month after a series of dwindling figures, according to both FFAJ reports.
Looking at the binary options figures, the FFAJ saw its total monthly retail trading volume come in at $440.1 million (¥44.6 billion), which correlated to a rise of 12.2 percent from $392.08 million (¥41.05 billion) in June 2016. July’s figures have once again taken a positive turn over the previous month which were the highest since February 2016.
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In terms of existing binary options accounts, the FFAJ yielded figures of 348,508 for the month of July 2016, compared with 346,292 accounts in June 2016, corresponding to a marginal gain of 0.64 percent MoM. By contrast, the group’s active accounts fell to 11,873 in July from 12,676 in June 2016, or -6.3 percent MoM, indicating a loss in this space for the first time since May.
During July 2016, the largest gain was the USD/JPY, which increased to a volume of $177.6 million (¥18 billion) from $141.1 million (¥14.3 billion) in June 2016, relating to a jump of 25.9 percent MoM. There was also a notable decline in the GBP/USD which fell to a volume of $4.7 million.
Looking at the OTC FX figures, we see a similar increase in japan for July 2016. The FX volume reached about $4.5 trillion (¥454.3529 trillion) an increase of 5.83% compared with June’s figures. The yen cross alone (USD/JPY) reached about $4.275 trillion (¥431.9629 trillion), up 7.52% month over month. The figures look even more impressive when compared with the relevant on-exchange trading as the monthly volume at Tokyo Financial exchange fell 28.02% in July 2016 to just $33.72 billion (¥3.4083 trillion).