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Screenshot of a breaking news alert e-mail from Q2 2017
Leading Japanese retail forex broker GMO Click, a division of GMO Internet Inc. (TYO:9449), has reported its best ever month for volumes in December, at ¥123.78 trillion. Its previous best ever was ¥114.92 in October – making December 7.7% above GMO’s previous record volumes.
Due to the depreciating Yen, in dollar terms GMO’s volumes were slightly below July 2013, at $1.04 trillion. But still, a great month, especially for a December.
GMO also grew the number of Forex client accounts to 378,872, also an all-time best.
The Yen actually didn’t experience too much volatility in December, with the USDJPY spending most of the month in the 118-121 band. But with equities, crude oil, and the Euro bouncing around, Japanese retail traders clearly stayed at their screens all month.