FFAJ’s OTC FX Volumes Lose Ground in December, USD/JPY Trading Falls

USD/JPY trading fell by double digits on a MoM basis as volatility subsided in December.

The Financial Futures Association of Japan (FFAJ) reported its over-the-counter (OTC) retail FX margin trading figures for December 2016, ultimately seeing its recent run up in trading volumes move lower. Furthermore, USD/JPY trading was also weaker in December, per an FFAJ filing.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

In terms of its OTC currency trading volumes, the FFAJ yielded $4.0 trillion (¥452.4 trillion) in December 2016, down -14.7% MoM from $4.7 trillion (¥530.5 trillion) in November 2016, which represented one of its yearly peaks. December was devoid of any major market drivers, also suffering from seasonal declines in volatility, a sizable departure from the month prior.

Suggested articles

TrioMarkets Partners with HokoCloud, Expands its Portfolio with Social TradingGo to article >>

Moreover, looking at specific currency pairs of note at the FFAJ, December 2016 also saw notable declines in this area, led by the USD/JPY. The group reported a volume of $3.8 trillion (¥430.0 trillion), retreating -15.3% MoM by a margin of $4.5 trillion (¥507.8 trillion).

The declines in trading volumes on a MoM basis also reflect a universal fall seen in other institutional and retail trading venues in December 2016. Earlier today the FFAJ also posted its binary options trading figures, which also noted a similar decline.


Got a news tip? Let Us Know