Forex industry trading volumes continue to soar in Japan, as Yen and Nikkei volatility continues.
The financial market turmoil in Japan during June has served the retail forex brokers quite well. With the USDJPY pair bouncing from 100, down to 94, and then back to near 100 iby the end of June, and the Nikkei stock index plummeting 18% from mid May highs before recovering more than 10% at June month end, Japan retail traders continue to be drawn to trading.
Leading Japan retail forex broker GMO Click has announced that June volumes totaled ¥106.26 trillion, or $1.095 trillion during the month. This of course sets another all time record for not just GMO Click (which as we reported did $950 billion in May) or Japan, but for any retail forex broker anywhere. By comparison, as we recently reported FXCM enjoyed its best ever month in May, at $581 billion.
Stock market investors have taken notice of GMO Click’s nice results, with parent company GMO Internet shares trading up 2.5% on Tuesday on the Tokyo Stock Exchange.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.