Big Increase in Forex and Binary Options Numbers from Japan

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Big Increase in Forex and Binary Options Numbers from Japan

By Annie Reona | Wednesday, July 15th, 2020

The Futures Financial Association of Japan (FFAJ) recently announced their data from June 2020 which has allowed there to be a comparison made between June and May of 2020. There were 56 members of the FFAJ that submitted their Forex results and 8 that submitted their binary options data. In the areas of both Forex and binary options, there was an impressive increase in these numbers.

The total retail Forex trading volume from the month of May 2020 was JPY 424 trillion (USD 3.43 trillion). In June 2020, the total retail Forex trading volume was JPY 529 trillion (USD 4.29 trillion), an increase of an impressive 24.8% in just one month.

The binary options trading volumes also saw an increase from May to June 2020, despite the fact that the number of active trading accounts dropped by 127 during this time.

The binary options trading volumes in May 2020 was JPY 41.9 billion (USD 3.4 billion). By June 2020, there was a 5% increase totalling JPY 44.12 billion (USD 35.76).

There was an even greater increase in the binary options trading volumes when compared to June 2020. In June 2020, the total trade volume was just JPY 37.7 billion (USD 3.06).

The other increase that was noted was in the trading payment amount. In May 2020, the total trading payment was JPY 18.2 billion (USD 1.48 billion). The total trading payment in June 2020 was JPY 19.44 billion (USD 15.7 billion). This increase was by 6.2%.

July 14, 2020 12:19 pm

Binary options trading in Japan noticed a significant increase in popularity, after quite disappointing first H1. The trading volume generated by binary brokers regulated in Japan in the month of June experienced amazing growth of 35% or over 41 billion Yen.

This is great news for binary brokers in Japan who experienced quite a turmoil. After January, where the volume of 62 billion yen was generated, following months were experiencing a significant decline. One of the reasons why it happened was a big number of inactive accounts and market consolidation that might have occurred.

In June, Japanese brokers have been providing trading services on 346 292 accounts, but only 12 676 accounts were active, which means that they have been used the execution of trades in the reporting period.

At the moment, there are only 7 brokers regulated by the FFAJ. The reason for this can be found in specific binary trading regulation provided by the FFAJ. The FFAJ is allowing only trading with expiry times longer than two hours and is not very supportive of bonuses.

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There are also strict directives regarding advertising of binary options trading, as well as rules on transparent business practices. Find out more about binary trading in Japan.

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Binary Options Trading Volume in Japan Declines in September, Forex Steals the Show

According to data published by Financial Futures Association of Japan (FFAJ), binary options trading volume has dropped by 16% in

According to data published by Financial Futures Association of Japan (FFAJ), binary options trading volume has dropped by 16% in September, when compared to the previous month’s data. Foreign exchange trading volumes ballooned higher across major brokerages in the region. Apparently, the sharply increased volatility during the month of September has pushed more traders to traditional spot FX trading.

Japanese Binary Options Trading Volumes Chart, Source: FFAJ

According to sources close to Forex Magnates, binary options trading volume across the industry have in fact benefited from the general increase in volatility during the month of September. The case for more traders turning to traditional instruments can only be made for the Japanese market, as its structure is different and forex trading is very popular in the country.

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As a result, many traders who have chosen binary options to play the market during the times of low volatility might have returned to the traditional foreign exchange market in September. There is currently no clear trend indicating where we are heading next month, however, we should expect a slight rebound from here as the number of active accounts has actually risen.

Active binary options trading accounts have increased to 16,315, which is up by 4% month-on-month and an all-time high since official number reporting by the FFAJ started in December 2020. Another special factor during the month has been the departure of Planex Trade from the binary options business. The effect shouldn’t be material, since the company’s offering was added only this summer.

Volumes by Currency Pair

Trading volumes by currency pair remained structurally unchanged with the bulk of the volumes read across the USD/JPY, GBP/JPY and the EUR/JPY, with the EUR/USD getting an additional boost from higher volatility throughout the month of September.

Japan’s February FX Trading Volumes Increase 9.9% YoY

OTC FX trading volumes also saw a strong monthly rise of 14.9% relative to January.

The Financial Futures Association of Japan (FFAJ) has released its FX trading volumes for the month of February, 2020.

February’s trading volumes show a monthly rise of 14.9%, reaching 418.3 trillion JPY ($3.93 trillion) during the month, relative to January levels of 364.2 trillion JPY ($3.4 trillion). The improved monthly data is even more impressive considering that there are fewer trading days in February, further elevating ADV.

Meanwhile, OTC FX trading volume increased by 9.9% YoY, marking a 37.8 trillion JPY improvement from February 2020 levels of 380.5 trillion JPY ($3.57 trillion).

Trading Activity on the Rise

Moreover, the total number of positions executed during February has also increased YoY by approximately 1.95 million, signifying a 38.4% increase compared to February 2020. The monthly increase is more subtle, with just a 1.3% rise and 86,000 more positions than in January of this year.

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Today’s release of the OTC FX trading volumes coincided with the trading volumes for binary options, which actually took a step back from January.

The Direction of the Japanese FX Market

The scope of the FX market in Japan has been altered as a result of the rising demand for cryptocurrency as an alternative form of investment. There have been contradictory reports regarding the Japanese FX market, which appears to have been resurgent after all.

Some Japanese firms have expanded operational capacity beyond the borders of Japan in an effort to adjust to growing demand within the country for crypto trading, due to their potentially highly lucrative returns on investment.

Throughout 2020, some reports indicated improved trading volumes, while others illustrated the aforementioned declines that were evident toward the end of the year.

More specifically, during the three-month period from October through December of 2020, the FFAJ reported a nearly 15% drop QoQ, which further raised speculation as to the cause of the drawback.

The quarterly report signified a decline at the same time as the spike in demand for cryptocurrencies, which gained tremendous momentum toward the end of 2020.

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