The Financial Futures Association of Japan (FFAJ) published monthly OTC Forex trading volume in July, 2016. According to the data reported by 52 OTC Forex margin trading operators, the monthly OTC forex trading volume totaled 454 trillion JPY, increased by 5.83% from the previous month but decreased by 5.2% from last year.
While on-exchange trading volume (Tokyo Financial Exchange) for the previous month saw significant MoM growth of 50.7%, the trading volume dropped by 28.02% to 3.4 trillion JPY in July.
The open position at the end of the month totaled 4.16 trillion JPY (both of sell positions and buy positions), increased by 4.85% from the previous month.
The total amount of customers margin deposited at the OTC Forex operators, which is required amount for separate management, was 0.978 trillion JPY, slightly increased by 0.67% from June.
Regarding the most traded 10 currency pairs, only USD/JPY and GBP/JPY showed the increase for their trading volume, by 9.17% and 17.9% respectively. The biggest drop was seen at ZAR/JPY, which decreased by 36.5% mot-over-month. The most traded currency pair, USD/JPY increased its share to 63.8% among the top 10 pairs.
OTC FX Trading Volume (billion JPY)
TOP10 Most Traded Currency Pairs
(Source: The Financial Futures Association of Japan )