Foreign exchange volumes in Japan have benefited from market volatility in the final days of 2015
Foreign Exchange trading volumes in Japan have roared back in December. The result is quite expected as we have already seen a rebound in the results of top retail brokers. Trading of exchange Forex products has also rebounded sharply in December as we have seen a rise of about 49.7 per cent to ¥3.88 trillion ($33.2 billion).
Looking at the over-the-counter market, the figures rebounded by about 18 per cent in the final month of 2015 to ¥354.9 trillion ($3.02 trillion). This is yet another testament to the strength of the Japanese market and the remaining interest of the Japanese population to continue aggressively trading on the foreign exchange market.
Looking at the year-on-year figures, the total foreign exchange trading volumes have increased by 38.4 per cent when compared to 2014, marking ¥5,584 trillion (47.6 trillion).
While the numbers may seem staggering at first glance, its worth pointing out that the per million profitability of Japanese brokers is dramatically lower than in the rest of the world. This is primarily due to the big number of players in the market and substantial competition for the wallets of Japanese retail traders.
Another surprising outcome during the month has been the ongoing stagnation in the EUR/JPY pair. While other major Japanese yen crosses have rebounded sharply led by the CAD/JPY, AUD/JPY, CHF/JPY and GBP/JPY, trading in the the euro currency against the Japanese yen has remained stagnant during the month, barely moving by 2.91 per cent.
The EUR/USD continued to be the second most traded pair after the USD/JPY which is the undisputed leader. A notable spike in data was observed in the ZAR/JPY pair, explained with the new lows which the South African rand continued posting throughout the month of December alongside other emerging market currencies.
The figures released by the Financial Futures Association of Japan (FFAJ) include data from all 53 members of the organization.
Foreign Exchange trading volumes in Japan have roared back in December. The result is quite expected as we have already seen a rebound in the results of top retail brokers. Trading of exchange Forex products has also rebounded sharply in December as we have seen a rise of about 49.7 per cent to ¥3.88 trillion ($33.2 billion).
Looking at the over-the-counter market, the figures rebounded by about 18 per cent in the final month of 2015 to ¥354.9 trillion ($3.02 trillion). This is yet another testament to the strength of the Japanese market and the remaining interest of the Japanese population to continue aggressively trading on the foreign exchange market.
Looking at the year-on-year figures, the total foreign exchange trading volumes have increased by 38.4 per cent when compared to 2014, marking ¥5,584 trillion (47.6 trillion).
While the numbers may seem staggering at first glance, its worth pointing out that the per million profitability of Japanese brokers is dramatically lower than in the rest of the world. This is primarily due to the big number of players in the market and substantial competition for the wallets of Japanese retail traders.
Another surprising outcome during the month has been the ongoing stagnation in the EUR/JPY pair. While other major Japanese yen crosses have rebounded sharply led by the CAD/JPY, AUD/JPY, CHF/JPY and GBP/JPY, trading in the the euro currency against the Japanese yen has remained stagnant during the month, barely moving by 2.91 per cent.
The EUR/USD continued to be the second most traded pair after the USD/JPY which is the undisputed leader. A notable spike in data was observed in the ZAR/JPY pair, explained with the new lows which the South African rand continued posting throughout the month of December alongside other emerging market currencies.
The figures released by the Financial Futures Association of Japan (FFAJ) include data from all 53 members of the organization.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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