FFAJ: Forex and Binary Options Volumes Down in October 2017

As tension in the neighboring Korean peninsula has cooled down, so have forex trading volumes.

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).

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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 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.

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