Japan’s OTC forex segment starts 2017 with strong trading volume

Japan’s OTC forex segment starts 2017 with strong trading volume

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The combines trading volumes of over-the-counter (OTC) brokers in Japan posted a growth both on a monthly and annual basis in January 2017, according to data from the Financial Futures Association of Japan (FFAJ) published on Tuesday. Brokers’ total OTC forex volumes stood at JPY 561.44 trillion last month, which is a growth of 24.1% over the month and 5.5% on the year.

Meanwhile, Japanese brokers’ combined binary options trading volume also increased by 2.3% on the month to JPY 41.95 billion in January. However, if compared to the same period a year earlier, volumes dropped significantly by 32.4%.

The forex on-exchange segment, on the other hand, was the only one to post a drop in January trading volume both on the year and on the month to JPY 3.32 trillion. The figure is 7.8% below the value reported in the preceding month and 30.3% lower than a year earlier.

Forex

Binary Options

Trading volume

Number of brokers

Trading volume

Accounts

Number of brokers

Over-The-Counter

On-Exchange

Existing

Active

Jan 2017

561.44 trl

3.32 trl

53

41.95 bn

360,949

11,978

7

Dec 2016

452.4 tr

3.6 tr

53

41.0 bn

358,699

11,125

7

Jan 2016

532.32 trl

4.76 trl

53

62.06 bn

337,932

13,703

8

FFAJ’s statistics also included account information. In January, binary options client accounts increased to a record-high 360,949, of which 11,978 were active ones. No relevant data was available for forex accounts.

The USD/JPY continued to be the most traded currency pair last month. The pair generated a trading volume of JPY 537.1 trillion in the forex segment, which is up 25% on the month, and JPY 20.6 billion in the binary options segment, or up by a monthly 6.8%.

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