Global FX Volumes at Monex Group Have Shed Another 8% In July

Tuesday, 05/08/2014 | 05:40 GMT by Victor Golovtchenko
  • Volumes at Monex Group have declined for a sixth consecutive month, while the numbers at the Japanese OTC FX division Monex Inc. experienced an even more pronounced drop, shedding close to 18% in July.
Global FX Volumes at Monex Group Have Shed Another 8% In July
monexlogo

Tokyo based Monex Group Inc. has reported its July global FX volumes in its monthly disclosure statement. Currency trading figures are lower by 8% when compared to the previous month of June, coming out at $29.0 billion and marking a sixth consecutive month of declines. The numbers are hardly a surprise considering benign trading during the month of July as the Japanese yen trading has stagnated further.

The trading range in the most active pair on the local market - the USD/JPY, has been about 180 pips during the month. This has led to an even steeper decline in the volume figures of Monex Inc. - their OTC FX business was down by 18% to ¥53,8 billion ($524.6 million) per day. As the summer months progress, the likelihood of a material pick up before the month of September is slim. Rising geopolitical pressures are so far spreading mainly to the stock market leaving FX in a tough spot.

Monex_July

Monex Volumes July

monexlogo

Tokyo based Monex Group Inc. has reported its July global FX volumes in its monthly disclosure statement. Currency trading figures are lower by 8% when compared to the previous month of June, coming out at $29.0 billion and marking a sixth consecutive month of declines. The numbers are hardly a surprise considering benign trading during the month of July as the Japanese yen trading has stagnated further.

The trading range in the most active pair on the local market - the USD/JPY, has been about 180 pips during the month. This has led to an even steeper decline in the volume figures of Monex Inc. - their OTC FX business was down by 18% to ¥53,8 billion ($524.6 million) per day. As the summer months progress, the likelihood of a material pick up before the month of September is slim. Rising geopolitical pressures are so far spreading mainly to the stock market leaving FX in a tough spot.

Monex_July

Monex Volumes July

Topics
brokers
monex
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