The Monetary Futures Affiliation of Japan (FFAJ) launched a set of statistics this Friday detailing the state of the retail buying and selling trade within the East Asian nation.
In keeping with the investor safety and analysis company, on the finish of December 2018, there have been 53 corporations in Japan providing leveraged over-the-counter (OTC) international alternate buying and selling (FX) buying and selling to retail traders.
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Provided that this was solely a few weeks in the past, and no new buying and selling licences have been handed out since then, it’s protected to imagine that this quantity stays the identical right now.
all of 53 of these corporations, the FFAJ discovered that retail merchants had open positions price a whopping 69.35 trillion yen ($634 billion) on the finish of final month.
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Yen buying and selling peaks, deposits go up
The majority of that buying and selling quantity was in yen-based foreign money pairs. The US greenback got here shut behind the yen, with smaller quantities of buying and selling finished in euro, British pound and Australian .
By way of deposits, Japanese retail merchants, throughout all 53 brokerages, deposited 184.34 billion yen ($1.69 billion) in December. Throughout the identical interval, additionally they withdrew slightly below 157 billion yen ($1.44 billion).
For brokers, that meant December was, except January, February and August, their greatest month for deposits in 2018.
It additionally meant that this was the month with the second highest degree of shopper withdrawals – with solely August having increased ranges of shopper withdrawals than December.