June GMO Click Volumes Slide 18.5%, Downward Trend in Japanese FX Volumes

by Victor Golovtchenko
  • FX Trading volumes at the Japanese powerhouse GMO Click have dropped for a fifth straight month to mark $433 billion (¥44.2 trillion), in another confirmation of the trend observed on the Japanese forex market.
June GMO Click Volumes Slide 18.5%, Downward Trend in Japanese FX Volumes
GMO_Click_logo

FX trading volumes at the biggest Japanese brokerage shed 18.5% in the month of June when compared to previous month's decline, confirming the seriousness of the downward trend on the Japanese FX market. With the company releasing a fifth straight month of declines, the only positive that we can draw is that levels are now getting closer to the low Volatility period observed before the election of Shinzo Abe.

GMO_Click_Volumes_June

The company's Click 365 Exchange traded business experienced a milder drop of about 5% to mark $2.8 billion (¥295 billion). With the trend intensifying, and with the central bank and Abenomics unlikely to trigger more volatility in the near future, all eyes are on the geopolitical tensions and global stock markets. The carry trade environment for now seems to be perfect, as G7 FX volatility is around all time lows.

GMO_Click_logo

FX trading volumes at the biggest Japanese brokerage shed 18.5% in the month of June when compared to previous month's decline, confirming the seriousness of the downward trend on the Japanese FX market. With the company releasing a fifth straight month of declines, the only positive that we can draw is that levels are now getting closer to the low Volatility period observed before the election of Shinzo Abe.

GMO_Click_Volumes_June

The company's Click 365 Exchange traded business experienced a milder drop of about 5% to mark $2.8 billion (¥295 billion). With the trend intensifying, and with the central bank and Abenomics unlikely to trigger more volatility in the near future, all eyes are on the geopolitical tensions and global stock markets. The carry trade environment for now seems to be perfect, as G7 FX volatility is around all time lows.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3423 Articles
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About the Author: Victor Golovtchenko
  • 3423 Articles
  • 7 Followers

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