FFAJ Reports Drop in OTC Forex Trading for July

The Financial Futures Association of Japan (FFAJ) has released its monthly statistics for its over-the-counter (OTC) retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term margin trading for this July today. Again, the total trading volume declined in July 2018, following a lackluster June this year.

The FFAJ is a self-regulatory body established in 1989 to govern the Japanese futures market.

Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term volume decline continues

During the month, the firm reported a total OTC FX trading volume of $2.7 trillion (JPY 301 trillion) amongst its members. This is down by 7.61 percent from June’s volume, which reported total trading of $2.93 trillion (JPY 326 trillion).

June’s volumes, while higher than July’s, was also month-on-month from May. In fact, the drop in trading volume was more than 12 percent, as May recorded a total volume of $3.34 trillion (JPY 371 trillion).

The total trading volume for USDJPY, cross yen, was $2.38 trillion (JPY 265 trillion). This was also down by 5.8 percent when compared to the previous month. However, the volume for on-exchange contracts increased month-on-month in July. During the month the total traded volume was $21.8 billion (JPY 2.42 trillion), up 1.77 percent from June’s volumes of $21.3 billion (JPY 2.37 trillion).

Taking a look at open positions, in July the total open positions were $62.3 billion (JPY 6.93 trillion). This was slightly down from June 2018 volumes. The total short positions traded during the month was $25.6 billion (JPY 2.85 trillion), this was up by $886.6 million (JPY 98.5 billion). Total long positions in July, on the other hand, fell month-on-month, coming in at $36.7 billion (JPY 4.08 trillion).

Earlier this year,Finance Magnates reported that the FFAJ released its quarterly report of member activity. Despite there only being a minute increase in its membership ranks, the Japanese regulator reported substantial increases in on-exchange and over-the-counter futures trading volumes amongst its members.