The Monetary Futures Affiliation of Japan (FFAJ) has revealed its over-the-counter (OTC) retail overseas change (FX) margin buying and selling for October right now. Earlier than October, the previous 4 consecutive months had seen a decline in buying and selling exercise on FFAJ members. Nonetheless, it seems October has lastly bucked this development.
The FFAJ is a self-regulatory physique established in 1989 to control the Japanese futures market. In October of this 12 months, the variety of members of the regulator stays unchanged from September, coming in at 53.
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Throughout October, the overall OTC buying and selling quantity got here in at ¥354 trillion. This can be a notable enhance of 33 % from September of this 12 months, which had a buying and selling quantity of ¥266 trillion. This, in flip, was down 10 % month-on-month from August.
Since Could of this 12 months, which recorded a month-to-month buying and selling quantity of ¥371 trillion, OTC buying and selling exercise for FFAJ members had been on a relentless downward development. That is regardless of a constant quantity of OTC Retail FX Margin Buying and selling Operators.
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The buying and selling quantity for USDJPY, Cross Yen, additionally recorded a powerful buying and selling quantity of ¥314 trillion. When in comparison with the earlier month, this is a rise of 37.6 %. On-exchange contracts had been additionally up by 19.three % or four,038 contracts, coming in at 24,956 contracts in October.
FFAJ Sees a Decline in Binary Choices Buying and selling
The FFAJ additionally reported the OTC binary choices buying and selling quantity of its members right now. In contrast to the retail FX figures, the buying and selling quantity for binary choices was down from September 2018.
In the course of the month, the overall buying and selling quantity was ¥32.2 billion. That is down, however solely barely, by round 2.7 % when in comparison with September’s volumes. The whole variety of buying and selling funds was 16.5 billion. That is additionally down from September’s variety of 18.eight billion.
The decline in buying and selling comes despite a rise in energetic accounts of 11,539 among the many FFAJ’s members.