Forex Brokerages in Japan Register Solid Rebound in September Trading
Posted: Sun Oct 16, 2016 1:06 pm
The Financial Futures Association of Japan (FFAJ) has issued its monthly industry report for foreign exchange trading in the country. Over-the-counter (OTC) trading has rebounded substantially over the previous month with the figures rising over 12 per cent when compared to August to ¥313 quadrillion daily ($3.01 trillion).
Looking at on-exchange trading, the figures are much lower on a nominal basis with the number reaching 3.17 quadrillion daily ($30.5 billion), with the growth number reaching over 25 per cent on a monthly basis.
During September the figures across the industry have been rebounding steadily with Japanese brokers reporting solid figures in early ... (read more)