Japan Retail FX market continues to be red hot.
With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan’s Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan’s largest Retail Forex broker, announced that May FX trading volumes came in at ¥94.5 trillion, or just north of $950 billion for the month. This is the largest monthly volume ever reported by a Retail FX broker.
The old record was set just last month by GMO Click at $913 billion. April also saw best or near-best-ever volume months reported by FXCM, Gain Capital, Alpari, and Saxo Bank.
As we’ve written a few times in the past months — if you’re a retail FX broker, and you’re not churning out record FX trading volumes now, then something is wrong.
Stay tuned to LeapRate as we follow all the relevant FX volume reports from the leading FX brokers and ECNs over the coming days.