The Financial Futures Association of Japan (FFAJ) has publicized the results of its over-the-counter (OTC) forex trading for May 2017. There were positive results noted for trading volumes month-on-month, but a slip on a year-on-year basis. Open trades, however, fell both month-on-month and year-on-year.
May 2017 trading volumes increased from ¥3.217 trillion ($29.230 billion) in the preceding April to ¥3.502 trillion ($31.80 billion), up 8.87 percent. In March, the trading volumes were estimated at ¥3.685 trillion ($33.48 billion), which slipped in April, down 12.7 percent. Last year, the trading volumes for May 2016 were ¥3.66 trillion ($33.24 billion), down 12 percent, decreased from ¥416 trillion ($37.78 billion) in April.
Make or Break Decision: Finding the Liquidity Provider Thats Best for YouGo to article >>
Short open positions, including buy and sell trades, came in at ¥20.6 trillion ($18.7 billion) in May 2017, whereas April’s results showed short positions at ¥22.06 trillion ($20 billion), down ¥1.422 trillion ($12.9 billion). Long positions increased to ¥36.13 trillion ($32.79 billion) from ¥31.47 trillion ($28.56 billion) last month, up ¥4,649 trillion ($4,217 billion). Last year, May 2016 short positions increased from ¥13.32 trillion ($12.08 billion) in April to ¥18.64 trillion ($16.9 billion), up ¥5,324 trillion ($4,831 billion). Long positions increased from ¥37.77 trillion ($34.28 billion) to ¥38.10 trillion ($34.57 billion), up ¥339 trillion ($3.62 billion).
USD/JPY Yen Cross short open positions in May 2017 increased to ¥34.13 trillion ($30.97 billion) from ¥29.75 trillion ($27 billion), whereas long open positions decreased from ¥19.83 trillion ($18 billion) to ¥17.63 trillion ($16 billion). Last year, the short positions dropped from ¥36.05 ($32.7 billion) trillion in April to ¥35.26 trillion ($32 billion), whereas long positions had increased from ¥10.27 trillion ($9.3 billion) in the previous month to ¥15.90 trillion ($14.42 billion).
In April, Finance Magnates reported the FFAJ forex OTC monthly results for March 2017, where declining results were recorded for two consecutive months.