Japan’s forex trading volumes reach 8-month high in Nov 2016

Japan’s forex trading volumes reach 8-month high in Nov 2016

After several consecutive months of poor performance, Japanese forex and binary options brokers finally stabilized in November 2016. The combined forex trading volume of market participants from retail over-the-counter (OTC) services jumped 69% on the month to JPY 530.3 trillion and that from retail on-exchange operations increased by a monthly 47.8% to JPY 4.96 trillion.

The figures are the highest since March. Compared to a year earlier, both OTC and on-exchange November volumes grew significantly by 76.4%  and 91.3%, respectively.

Meanwhile, the trading volume of binary options brokers totaled JPY 43.4 billion last month, posting a monthly growth of 43.4%. Year-on-year, the figure represents an increase of 13.6%.

Binary options traders also grew last month to 356,916. However, active ones numbered 11,929, which is higher than the previous month, but not as high as in the beginning of the year.

Forex

Binary Options

Trading volume

Number of brokers

Trading volume

Accounts

Number of brokers

Over-The-Counter

On-Exchange

Existing

Active

Jan

532.32 trl

4.76 trl

53

62.06 bn

337,932

13,703

8

Feb

593.97 trl

4.85 trl

53

51.65 bn

339,997

13,656

8

Mar

439.89 trl

3.72trl

53

40.35 bn

341,946

12,786

8

Apr

416.41 trl

3.17trl

52

36.48 bn

343,455

12,225

8

May

365.99 trl

3.14trl

52

30.40 bn

344,396

11,880

7

June

429.31 trl

4.73trl

52

41.04 bn

346,292

12,676

7

July

454.35 trl

3.40trl

52

44.59 bn

348,508

11,873

7

Aug

313.53 trl

2.52trl

53

35.15 bn

350,123

11,194

7

Sept

352.46 trl

3.18 trl

53

37.84 bn

352,151

11,905

7

Oct

313.68 trl

3.36 trl

53

32.82 bn

355,023

10,980

7

Nov

530.25 trl

4.96 trl

53

43.4 bn

356,916

11,929

7

The USD/JPY pair, the most traded one in Japan, generated a trading volume of JPY 507.4 trillion from forex and nearly JPY 19.7 billion from binary options.

In line with the overall trend for Japan, Monex Group and GMO Click, two of the leading brokers in the country, both reported increased trading metrics for last month.


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