Japanese broker, Invast Securities has reported that Operating Revenues declined during June. For the month, Operating Revenues fell from ¥379 million ($3.03 million) in June to ¥333 million ($2.43 million) last month, a 12.13% decline. The drop occurred as brokers and trading venues reported weaker FX volumes during July, as a summer slowdown appears to have set within the markets.

On the positive side, also being reported were Client Deposits which grew in July and totaled ¥70.358 billion ($563 million). The figure increased 1.8% from ¥69.053 billion in June.

invast securities operating revenues

Despite the summer decline, trading in August within Japan could be set to become active soon. With the USD/JPY trading at a current 124.79, it is at its highest levels since hitting multi-year highs of 125.85 in June. Those highs in June took place after the USD/JPY began to rally in late May after breaking above its 121.70 resistance. As such, a break of June’s highs could trigger new Volatility in the yen which would be expected to be positive for Japanese brokers.

Japanese broker, Invast Securities has reported that Operating Revenues declined during June. For the month, Operating Revenues fell from ¥379 million ($3.03 million) in June to ¥333 million ($2.43 million) last month, a 12.13% decline. The drop occurred as brokers and trading venues reported weaker FX volumes during July, as a summer slowdown appears to have set within the markets.

On the positive side, also being reported were Client Deposits which grew in July and totaled ¥70.358 billion ($563 million). The figure increased 1.8% from ¥69.053 billion in June.

invast securities operating revenues

Despite the summer decline, trading in August within Japan could be set to become active soon. With the USD/JPY trading at a current 124.79, it is at its highest levels since hitting multi-year highs of 125.85 in June. Those highs in June took place after the USD/JPY began to rally in late May after breaking above its 121.70 resistance. As such, a break of June’s highs could trigger new Volatility in the yen which would be expected to be positive for Japanese brokers.