Kabu, a Mitsubishi UFJ subsidiary, has reported its preliminary results regarding its trading volumes and other metrics for the month of June 2017. The results include total forex trading volumes and forex account numbers. Forex trading volumes decreased both month-on-month and year-on-year. Forex account numbers displayed a subtle increase despite the declining volumes.

The London Summit 2017 is coming, get involved!

In June 2017, total forex trading volumes decreased from ¥36,238 trillion ($320,148 billion) in May to ¥32,978 trillion ($291,346 billion), down 8.99 percent on a month-on-month basis. In June 2016, total forex trading volumes stood at ¥40,225 trillion ($355,366 billion), which translates to a decline of 18.01 percent year-on-year. The forex trading daily average in June this year was ¥1499 billion ($13,242 million), down 17.99 percent from last year’s daily average of ¥1828 billion ($16,151 million).

The forex trading accounts, however, slightly increased month-on-month. In June 2017 the number of forex accounts increased from 89,669 in May to 90,057, up 0.43 percent. In June of last year, the number of accounts was 84,595, which means a further increase of 6.46 percent year-on-year.

In June, Kabu.com’s disclosure of the company’s monthly results for May showed the continuation of a negative trend that began in March this year. Trading volumes decrease by 2.9 percent, whereas the number of account remained relatively unchanged.

Before that, the firm reported weakness in April’s forex and options results. Though the decline in volumes was about 6.5 percent, over the counter (OTC) trading managed a slight climb estimated at less than 1 percent.