Monex Group Japan sees lowest forex volumes of the year in October, at $22 billion
Monex volumes metrics are now down 59% (!!) from their peak earlier this year, when Monex reported forex trading volumes of $54 billion in April. And the slowdown in volumes comes right after Monex reported that its revenues were down 27% in Q3.
It seems that the enthusiastic return of Japanese retail FX traders to the markets early this year, after the election of new Japanese Prime Minister Shinzo Abe, has subsided somewhat. Gone are the days we saw in the first half of the year when Abe and his finance team would make daily proclamations about quantitative easing and promoting exports, which swung the markets wildly in one direction and then another.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.