The Financial Futures Association of Japan (FFAJ) has printed its over-the-counter (OTC) retail international alternate (FX) margin buying and selling for November on Friday. The earlier month noticed a uncommon uptick in buying and selling exercise on FFAJ members. However, it seems November has resorted again to the beforehand dominant declining pattern.
The FFAJ is a self-regulatory physique established in 1989 to manipulate the Japanese futures market. Before October, the previous 4 consecutive months had seen a decline in buying and selling exercise. This is regardless of the info being based mostly on a constant variety of 53 members since April 2018.
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For November, the overall OTC buying and selling quantity got here in at ¥314 trillion ($2.eight trillion). This is a drop of round 11.2 % from the earlier month, which recorded an OTC retail FX margin buying and selling quantity of ¥354 trillion.
Since May of this yr, 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 continuing downward pattern. October of 2018 was the one month to go in opposition to this pattern, with November negating a lot of the beneficial properties achieved within the earlier month.
The buying and selling quantity for USDJPY, Cross Yen, additionally recorded a fall within the buying and selling quantity of 14.53 % month-on-month, to succeed in ¥314 trillion. On-exchange contracts have been additionally down by 10.71 % or 2,672 contracts, coming in at 22,284 contracts in November.
Trading exercise of OTC binary choices decline for FFAJ members
The FFAJ additionally reported the OTC binary choices buying and selling quantity of its members right this moment. Similar to the retail FX figures, the buying and selling quantity for binary choices was down from October 2018.
During the month, the overall buying and selling quantity was ¥30.5 billion. This represents a decline of round 5.three % when in comparison with October’s volumes of ¥32.2 billion. Furthermore, the overall variety of buying and selling funds was 15.6 billion. Again, this was much less on a month-on-month foundation, falling by 5 % from 16.5 billion.