Kabu’s FX Volumes and Accounts Number Jump in January 2018‎

Kabu’s FX volumes were able to finally snap out of a ‎consecutive monthly ‎decline‎.

Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has reported its ‎preliminary results for its trading volumes and metrics for January 2018. The ‎latest results encompass both futures and options and orchestrated a healthy month-over-month rebound, according to a corporate statement.‎

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During January 2018, Kabu’s FX volumes were able to finally snap out of a ‎consecutive monthly decline, which had seen a downward trending ‎movement in recent months, due in part to a lack of market drivers and ‎lower volatility. Volumes for January 2018 came in at ¥28.5 billion ($259 ‎million), up 32.0 percent month-over-month from ¥21.5 billion ($195 million) ‎reported back in December 2017.‎

Furthermore, over-the-counter (OTC) FX trading accounts notched a ‎marginal climb by less than 1 percent in January 2018, inching higher to ‎‎92,705 accounts, virtually unchanged month-over-month from 92,384 in ‎December 2017.‎

The recent growth on a month-over-month basis in each of these segments was the result of ‎growing volatility, which gradually woke the markets last month. The trend was ‎somewhat universal as most exchanges, including Japanese venues, saw ‎their volumes ticking higher in the new year’s first month.‎

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