FFAJ: Forex and Binary Options Volumes Down in October 2017

The Financial Futures Association of Japan (FFAJ) released today both its over-the-counter (OTC) retail FX margin trading and binary options figures for October 2017. The trading data for the past month, in which a general election took place in Japan, reveals a mixed picture.

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In terms of its OTC retail FX volumes, the FFAJ yielded $2.91 trillion (¥328.6 trillion), down 19 per cent month-on-month from September’s $3.59 trillion (¥405.9 trillion). Year-on-year, this showed growth of 4.6 per cent from October 2016's $2.77 trillion (¥313.6 trillion).

This may be explained by the cooling down of the dispute in the Korean peninsula, which brought tension and volatility. Next month we will find out whether the local financial regulator's intention to set 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 leverage at a maximum of 1:10 instead of the 1:25 current ratio cap has discouraged traders’ zeal to open new positions as well.

Looking at the binary options figures, the Japanese industry saw its total monthly trading volumes come in at $298.4 million (¥33.7 billion), down 5.9 per cent month-to-month from September's $317.0 million (¥35.8 billion). A year-on-year perspective shows stability - binary options trading volumes amounted to $290.4 million (¥32.8 billion) in October 2016.