Monex Japan Forex trading volumes drop again in June
Monex Japan Forex trading volumes drop explained by professional Forex trading experts the “Monex Japan Forex trading volumes drop” FX trading team.
Monex Japan Forex trading volumes drop
In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in turn were down 11% from April. Monex June volumes came in at ¥186.5 billion per day, which translates to $42 billion for the month.
Monex set its all time high for volumes in April at $54 billion, and has seen volumes drop since by about 23%, while Japan forex market leader GMO Click continues to grow. As we reported earlier, GMO set an all time high for a retail forex broker in June, topping $1 trillion in monthly volumes.
Monex Japan Forex trading volumes drop Conclusion
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