Japan Retail FX Volumes Drop by One-Third in October
- Last month saw a reversal of the steady growth trend that marked the summer months
The Financial Futures Association of Japan (FFAJ) reported that the volumes of over-the-counter 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 margin trades in October shrunk by 31.1 percent to 377.4 trillion JPY ($3.08 trillion). The figure for September stood at 547.8 trillion JPY ($4.47 trillion).
The open positions in the segment at end-October totaled 67,786, almost unchanged from the 67,765 positions at end-September.
The FFAJ noted in its report that the month of October has seen a sharp turn for the worse in terms of trading volumes, without providing any possible reasons for this reversal. However, it could be attributed to lower market volatility, which supported the steady volume growth in previous months.
In September, the trading volumes in the OTC forex margin segments registered an 11.4 percent monthly improvement, with open positions also rising from August’s 66,614.
In our report on the September 2015 figures, Finance Magnates noted https://www.financemagnates.com/forex/brokers/retail-fx-trading-volumes-in-japan-pick-up-speed-in-september/ that the growth seen between July and September must have been very welcome for Japanese forex brokers after a slump in trading volumes at the start of the year.
The Financial Futures Association of Japan (FFAJ) reported that the volumes of over-the-counter 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 margin trades in October shrunk by 31.1 percent to 377.4 trillion JPY ($3.08 trillion). The figure for September stood at 547.8 trillion JPY ($4.47 trillion).
The open positions in the segment at end-October totaled 67,786, almost unchanged from the 67,765 positions at end-September.
The FFAJ noted in its report that the month of October has seen a sharp turn for the worse in terms of trading volumes, without providing any possible reasons for this reversal. However, it could be attributed to lower market volatility, which supported the steady volume growth in previous months.
In September, the trading volumes in the OTC forex margin segments registered an 11.4 percent monthly improvement, with open positions also rising from August’s 66,614.
In our report on the September 2015 figures, Finance Magnates noted https://www.financemagnates.com/forex/brokers/retail-fx-trading-volumes-in-japan-pick-up-speed-in-september/ that the growth seen between July and September must have been very welcome for Japanese forex brokers after a slump in trading volumes at the start of the year.