FFAJ’s Japanese FX OTC Trading Volumes Tick Lower in March

The Financial Futures Association of Japan (FFAJ) reported its over-the-counter (OTC) retail FX margin trading figures for March 2017, ultimately incurring a consecutive month decline across multiple segments, per an FFAJ filing.

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In terms of its OTC currency trading volumes, the FFAJ yielded $3.4 trillion (¥368.6 trillion) in March 2017, down -3.1 percent month-over-month from $3.5 trillion (¥380.5 trillion) in February 2017, justifying two straight months of declines. This reading came amidst an uptick of global Volatility , stimulated by monetary policy action in the United States.

Moreover, looking at specific currency pairs of note at the FFAJ, March 2017 also saw notable declines in a number of areas, led by the USD/JPY. The group reported a volume of $2.7 trillion (¥297.7 trillion), retreating -6.4 percent month-over-month from February 2017.

By extension, FFAJ’s currency trading volumes did notch gains across several pairs, including EUR/JPY (20.6 percent higher month-over-month), AUD/JPY (26.9 percent higher month-over-month), and GBP/USD (39.3 percent higher month-over-month) when compared to February 2017.