FFAJ OTC Forex Trading Volumes for May 2017 Rise MoM, Fall YoY

The Financial Futures Association of Japan (FFAJ) has publicized the results of its over-the-counter (OTC) Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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.

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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.

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.