Japan Forex volumes collapse in September, GMO Click off 20%
Japan Forex volumes collapse in September explained by professional Forex trading experts the “Japan Forex volumes collapse in September” FX trading team.
Japan Forex volumes collapse in September
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.
Japan Forex volumes collapse in September Conclusion
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