After GMO Click, DMM Securities and Monex Inc all saw low volumes in May, it seems that the only triggers for stimulating trade in the forex giant are monetary easing or the Abenomics’ promised structural reform.
As the main drivers for the Japanese yen volatility have subsided, the major brokerages from the region have already rolled out their volume numbers for the month of May. GMO Click, DMM Securities and Monex Inc have all experienced declines in their monthly volumes, which to some may be a surprise, as we have observed more moves in the currency markets when compared to April.
That however has not been enough for Japanese traders. The bulk of the volumes which are traded by the most Forex trading aware population around is concentrated on the Japanese yen crosses. And while the euro has indeed dropped markedly throughout the month, the most traded currency pair in Japan, the USD/JPY has remained rangebound. With the lack of trending in the Japanese yen crosses, we are very likely to see further slack in monthly figures throughout the summer from the leading pack of the biggest FX brokerages by volume.
Taking a look at the charts of GMO Click Securities, DMM.com and Monex Inc, we observe that the election of Mr. Abe as Prime Minister and the unveiling of Abenomics has triggered quite a wild ride in the average daily volumes numbers by traders. However, since the monetary policy pillar of the stimulative policies plan was unveiled in the beginning of April last year, volumes have gradually been declining.
After a stellar first half, Japanese brokerage powerhouses have experienced some contraction and current levels are very close to the monthly volume metrics observed before Shinzo Abe was elected as prime minister.
With structural reforms around the corner, some increase in the pace of Japanese yen depreciation could be lurking nearby. The Government's Pension Investment Fund of Japan is very likely to short shifting its assets to riskier bets than ultra-low yielding Japanese Government Bonds. With local stocks likely to be favoured, there is no guarantee that this shift would directly impact the JPY to the downside, however with $1.3 trillion to be invested, some portion of this vast capital could indeed go toward foreign assets to seek higher returns, as the aging Japanese population will eventually need to rely on these funds for retirement.
Meanwhile, the ECB has cemented its position as the most “interesting” central bank in 2014. The unconventional monetary policy measures unveiled at this month's Governing Council meeting are likely to contribute to a more vibrant June for foreign brokerages. In Japan, it still remains mainly about the USD/JPY and other JPY crosses to a lesser extent.
As the main drivers for the Japanese yen volatility have subsided, the major brokerages from the region have already rolled out their volume numbers for the month of May. GMO Click, DMM Securities and Monex Inc have all experienced declines in their monthly volumes, which to some may be a surprise, as we have observed more moves in the currency markets when compared to April.
That however has not been enough for Japanese traders. The bulk of the volumes which are traded by the most Forex trading aware population around is concentrated on the Japanese yen crosses. And while the euro has indeed dropped markedly throughout the month, the most traded currency pair in Japan, the USD/JPY has remained rangebound. With the lack of trending in the Japanese yen crosses, we are very likely to see further slack in monthly figures throughout the summer from the leading pack of the biggest FX brokerages by volume.
Taking a look at the charts of GMO Click Securities, DMM.com and Monex Inc, we observe that the election of Mr. Abe as Prime Minister and the unveiling of Abenomics has triggered quite a wild ride in the average daily volumes numbers by traders. However, since the monetary policy pillar of the stimulative policies plan was unveiled in the beginning of April last year, volumes have gradually been declining.
After a stellar first half, Japanese brokerage powerhouses have experienced some contraction and current levels are very close to the monthly volume metrics observed before Shinzo Abe was elected as prime minister.
With structural reforms around the corner, some increase in the pace of Japanese yen depreciation could be lurking nearby. The Government's Pension Investment Fund of Japan is very likely to short shifting its assets to riskier bets than ultra-low yielding Japanese Government Bonds. With local stocks likely to be favoured, there is no guarantee that this shift would directly impact the JPY to the downside, however with $1.3 trillion to be invested, some portion of this vast capital could indeed go toward foreign assets to seek higher returns, as the aging Japanese population will eventually need to rely on these funds for retirement.
Meanwhile, the ECB has cemented its position as the most “interesting” central bank in 2014. The unconventional monetary policy measures unveiled at this month's Governing Council meeting are likely to contribute to a more vibrant June for foreign brokerages. In Japan, it still remains mainly about the USD/JPY and other JPY crosses to a lesser extent.
The Menace of Clones: Malta’s Regulator Warns against Fake "Documents and Emails"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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