The Bank of Japan negative interest rates decision has led to a massive spike in trading volumes across the board.
The Tokyo Financial Exchange (TFX) has announced that trading volumes in foreign exchange have rebounded materially in January 2016. The first month of the year is likely to result in massive volumes increases for Japanese retail brokerages.
Looking at the specific numbers, trading activity rebounded by 22.9 per cent when compared to December 2015. The figure is also higher when compared to a year ago by 19.8 per cent. Considering the exceptional circumstances surrounding the Swiss franc last year, 2016 seems to be off to a good start when looking at FX trading volumes.
TFX has also detailed the currency pairs where most of the trading activity growth was focused. Unsurprisingly, the Japanese yen crosses steal the show with trading in the USD/JPY growing by 32.5 per cent, and representing well over a quarter of all volumes transacted on the Tokyo Financial Exchange.
At the same time, the EUR/JPY underperformed alongside the EUR/USD pair, where tight ranges ensued for most of the month. Looking beyond the Japanese yen, British pound trading spiked higher as markets started digesting the risks to the UK financial system from a prospective Brexit.
Undoubtedly, the Bank of Japan (BOJ) was the sole factor behind the massive rebound in foreign exchange trading activity in the country. Last Friday, the monetary policy authority surprised markets with a decision to introduce negative deposit rates on the reserves that banks are holding at the BOJ. As a result the Japanese yen tanked across the board and is expected to remain volatile in the near term.
According to Barclays, the near term risks favor additional Volatility in the near term. In a research note, the bank stated: “Uncertainties around Fed rate hikes, fragile global risk dynamics, and extended undervaluation of the JPY also remain significant headwinds for USD/JPY and these factors will have to balance against the impact of negative interest rates.”
“At the least it suggests even higher volatility in USDJPY over the coming months as these conflicting forces weigh against each other,” the research note concluded.
Looking beyond FX, the activity on the exchange traded equity index margin contracts through the Click kabu 365 platform has increased by 36.6 per cent when compared to last year. Trading the Nikkei 225 margin contracts has increased by 39.8 per cent then compared to December 2015.
In addition the Tokyo Financial Exchange (TFX) called for additional margin in positions on the Interest-rate Futures contracts for the first time since 14 March 2011, as the Three-month Euroyen futures market soared.
The Tokyo Financial Exchange (TFX) has announced that trading volumes in foreign exchange have rebounded materially in January 2016. The first month of the year is likely to result in massive volumes increases for Japanese retail brokerages.
Looking at the specific numbers, trading activity rebounded by 22.9 per cent when compared to December 2015. The figure is also higher when compared to a year ago by 19.8 per cent. Considering the exceptional circumstances surrounding the Swiss franc last year, 2016 seems to be off to a good start when looking at FX trading volumes.
TFX has also detailed the currency pairs where most of the trading activity growth was focused. Unsurprisingly, the Japanese yen crosses steal the show with trading in the USD/JPY growing by 32.5 per cent, and representing well over a quarter of all volumes transacted on the Tokyo Financial Exchange.
At the same time, the EUR/JPY underperformed alongside the EUR/USD pair, where tight ranges ensued for most of the month. Looking beyond the Japanese yen, British pound trading spiked higher as markets started digesting the risks to the UK financial system from a prospective Brexit.
Undoubtedly, the Bank of Japan (BOJ) was the sole factor behind the massive rebound in foreign exchange trading activity in the country. Last Friday, the monetary policy authority surprised markets with a decision to introduce negative deposit rates on the reserves that banks are holding at the BOJ. As a result the Japanese yen tanked across the board and is expected to remain volatile in the near term.
According to Barclays, the near term risks favor additional Volatility in the near term. In a research note, the bank stated: “Uncertainties around Fed rate hikes, fragile global risk dynamics, and extended undervaluation of the JPY also remain significant headwinds for USD/JPY and these factors will have to balance against the impact of negative interest rates.”
“At the least it suggests even higher volatility in USDJPY over the coming months as these conflicting forces weigh against each other,” the research note concluded.
Looking beyond FX, the activity on the exchange traded equity index margin contracts through the Click kabu 365 platform has increased by 36.6 per cent when compared to last year. Trading the Nikkei 225 margin contracts has increased by 39.8 per cent then compared to December 2015.
In addition the Tokyo Financial Exchange (TFX) called for additional margin in positions on the Interest-rate Futures contracts for the first time since 14 March 2011, as the Three-month Euroyen futures market soared.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
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.
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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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
📣 Stay updated with the latest in finance and trading!
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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