FFAJ’s Japanese FX OTC Trading Volumes Tick Lower in March

The Financial Futures Association of Japan (FFAJ) reported its over-the-counter (OTC) retail FX margin trading figures for March 2017, ultimately incurring a consecutive month decline across multiple segments, per an FFAJ filing.

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In terms of its OTC currency trading volumes, the FFAJ yielded $3.4 trillion (¥368.6 trillion) in March 2017, down -3.1 percent month-over-month from $3.5 trillion (¥380.5 trillion) in February 2017, justifying two straight months of declines. This reading came amidst an uptick of global Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, stimulated by monetary policy action in the United States.

Moreover, looking at specific currency pairs of note at the FFAJ, March 2017 also saw notable declines in a number of areas, led by the USD/JPY. The group reported a volume of $2.7 trillion (¥297.7 trillion), retreating -6.4 percent month-over-month from February 2017.

By extension, FFAJ’s currency trading volumes did notch gains across several pairs, including EUR/JPY (20.6 percent higher month-over-month), AUD/JPY (26.9 percent higher month-over-month), and GBP/USD (39.3 percent higher month-over-month) when compared to February 2017.