LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Japan’s largest retail FX broker sees its lowest volumes since December 2012.
Although GMO Click’s forex trading volume metrics are still more than double what they were last year, there is a clear slowdown in forex trading in Japan after a record start to the year.
GMO Click reported September trading volumes at ¥62.8 trillion, or about $634 billion, down 20% from August — and down 42% from June’s all-time best nearing $1.1 trillion.
The cause? Low volatility. September saw the USDJPY trade in a very tight range between 98-100, with little intra-day action.