Monex Group Japan August FX volumes drop 3%


Fourth month in a row of volume decreases for Monex, after a fast start to the year.

 

It is probably just a summer slowdown, similar to the 27% decline in August volumes seen at GMO Click, but a fourth consecutive month of volume declines at Monex Group are potentially worrying. The mid-sized Japan forex broker reported FX trading volumes of ¥113.2 billion per day in August, which translates to just $25 billion total volume for the month. That is 3% less than July volumes, but about 150% more than what Monex did last August.

Monex set its all time high for volumes in April at $54 billion, and has seen volumes drop since four months in a row by more than 50%.

 

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

 

 

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Monex Group Japan August FX volumes drop 3%

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