Monex June FX volumes, $31.5B, down slightly from May and slowest month since 2012

Japanese FX giant MONEX Group has today announced its June monthly metrics, displaying a continued reduction in global FX trading volumes reporting a $31.5B  trading value, which is a bit lower than May’s $32.8B. Japanese brokers are suffering to compete with prior volumes since yen crosses have been tamed down and more or less stable in the past year and are not the main driver for FX market volatility. Japanese traders are seemingly less engaged.


In OTC FX trading, average trade value per day (in million yen) dropped to 65,594 in June down from May’s 77,293. This has hit a 12 month low as the trend continues to trickle down (see chart below):

From June '13 to June '14

From June ’13 to June ’14

DARTs for June across MONEX Group’s entire global operations were 306,602 which is an improvement from May’s 289,075 for a nice push back above the 300k level.

To see Monex Group’s full report in PDF, click here.

Read Also: