Do not invest more money than you can afford to lose.
The June over-the-counter (OTC) retail forex trading volume in Japan rose 17.33% from May, shows the monthly report of the Financial Futures Association of Japan (FFAJ).
According to the data, the 52 members of the self-regulation organization generated a little over JPY 429 trillion. In comparison, in May the figure stood at JPY 366 trillion and in April, when the decline started, it was JPY 416 trillion.
The unexpected double-digit rise in the trading volumes, according to the FFAJ, is due to the Brexit-related market volatility. This also fueled the continuing increase in the value of the yen that started in the second half of May.
The most traded currency pair, in terms of volume, was once more the USDJPY, which volume rose 1.16% over the month, but the biggest riser was the GBPUSD pair, which soared 146%. Next came the GBPJPY pair, with a monthly increase of 128.8% and the EURJPY pair, with a 75.8%.
The trading volume of the seven binary options brokers in June also rose, and quite significantly – by almost 35%, to a little over JPY 41 billion. The increase is the first since this January when the binary options volumes stood at JPY 62 billion and then started declining.
The number of existing binary options accounts (the total number of live account at the end of each reporting period) in June was 346 292 and the active accounts (the accounts that have traded during the reporting period) were 12 676.
In June the seven binary options brokers in Japan – GMO Click Securities, Traders Securities, IG Securities, FX PRIME by GMO, YJ FX, Hirose FX, and FX Trade Financial paid out JPY 15.6 billion – that is the total premium payment figure include all live binary option premiums paid between position takers and binary option providers as well from closed positions for the trading period.