Japan’s forex, binary options trading volumes plummet in Feb 2017

Japan’s forex, binary options trading volumes plummet in Feb 2017

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Japanese forex brokers’ combined trading volume from retail forex operations fell to very low levels in February 2017, according to data from the Financial Futures Association of Japan (FFAJ) published on Tuesday. Binary options volumes were also lower last month.

The trading volume of retail over-the-counter (OTC) forex trading in Japan amounted to JPY 380. 5 trillion last month and that of on-exchange trading was JPT 2.5 trillion, which is equal to the lowest value reported in 2016. The OTC figure represents a drop of more than 32% on the month and 36% year-on-year.

Meanwhile, binary options trading also generated a low volume of JPY 35.2 billion in February. This represents a monthly decline of 15.8% and an annual drop of 31.6%.
For details on Japan’s forex and binary options trading volumes (in JPY), take a look at the following table:

Forex

Binary Options

Trading volume

Number of brokers

Trading volume

Accounts

Number of brokers

Over-The-Counter

On-Exchange

Existing

Active

Jan

561.44 trl

3.32 trl

53

41.95 bn

360,949

11,978

7

Feb

380. 48 trl

2.54 trl

53

35.34 bn

363,14

11,330

8

The market had 53 active forex brokers and eight active binary option service providers. Binary option brokers handled in February a record-high number of total accounts of 363,138. However, active accounts slightly fell to 11,330. No relevant data was available for forex accounts.

The USD/JPY continued to be Japan’s most traded currency pair. Its February trading volume in the forex segment fell by 32.4% on the month to slightly over JPY 363 trillion. Meanwhile, in the binary options segment, the pair generated a volume of JPY 18.7 billion in February, which is down by 9.2% from the preceding month.


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