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Strong Yen: Curse or Blessing for Retail FX in Japan?
A complex yet impressive picture of retail FX traders is emerging from Japan. A recent Aite Group report sizes the retail FX market in Japan at 3.6 million, using data from the country’s Financial Futures Association (FFA) and data compiled from almost 40 medium and large retail FX brokers. An estimated 597,000 traders were considered active during Q4 2010. The relevance of understanding Japanese active-trader patterns resides on the direct correlation that trading volumes and currency pair preferences have with retail FX broker revenue. The Wall Street Journal recently reported that as much as US$ 171 billion ... (full story)