The Financial Futures Association of Japan (FFAJ) reported on Monday the over-the-counter (OTC) retail forex trading volume of brokers that operate in Japanese jumped 50% on the month to more than JPY 532.3 trillion in January 2016. The trading volume of retail binary options brokers in Japan jumped 29% on the month to JPY 62.1 billion in January.
Meanwhile, on-exchange forex volumes posted a monthly increase of 22.4% to nearly JPY 4.8 trillion in the first month of the year. According to the FFAJ, the forex trading volumes increased due to the volatility of each currency pair including the Japanese yen (JPY).
The total volume of forex trading positions declined by JPY 831.4 billion in January, compared to the previous month. More information about Japanese forex brokers’ open positions follows (in hundred million Japanese yens):
The most traded currency pair, the USD/JPY, generated a volume of JPY 496.3 trillion in the forex segment in January, or up 67.4% on the month, and nearly JPY 29.9 billion from binary options trading.
Japan’s OTC retail forex brokers numbered 53 in January. Binary option brokers, on the other hand, were eight – GMO Click Securities, Traders Securities, IG Securities, FX Prime by GMO, JFX, YJ FX, Hirose FX, and FX Trade Financial. Their customers operated a total of 337,932 trading accounts, of which 13,703 were active ones.
Japan is among the most dynamic and active forex trading markets worldwide. All Japanese forex brokers that have posted their monthly trading activities for January reported at least a two-digit growth from the previous month. Monex Group saw its forex trading volume from global operations goint up by a mointhly 28.5% to $37.9 billion last month. Meanwhile, GMO Click Securities and FX Prime by GMO Corp., both part of Japanese group GMO Click Holdings, posted monthly trading volumes of JPY 123.4 trillion and JPY 12.7 trillion, respectively. For GMO Click, the figure represents an increase of 59% month-on-month, while for FX Prime the figure doubled on the month.