Gaitame.com Co., Ltd.
FX individual investors continue to look for a weaker JPY (yen)! Government/Bank of Japan conducts USD selling intervention worth over 5.5 trillion yen [Gaitame.com Research Institute FX Investor Survey July 2024]
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Gaitame.com Research Institute Co., Ltd. (hereinafter referred to as “Gaitame.com Research Institute”, head office: Minato-ku, Tokyo, CEO: Atsushi Takeuchi), a wholly owned subsidiary of Gaitame.com Co., Ltd., manages foreign exchange investments for individual investors. We conduct research and research on foreign exchange information that is useful for This time, we have investigated the actual situation of FX investors, so we would like to inform you.
table of contents
1. Financial Futures Association FX Investor Trend Summary
2. Gaitame.com Co., Ltd. FX investor trend summary
2-1.Realized profit and loss in FX trading
2-2. Number of traders by currency pair
2-3.Average trading volume
2-4. Account opening period
2-5. Age distribution of FX investment
2-6.Trends in FX account openings
3.Summary
1. Financial Futures Association FX Investor Trend Summary
USD/JPY (US dollar/yen) transaction amount increased by approximately 34% According to materials released by the Financial Futures Association on August 15, the transaction amount in over-the-counter FX in July 2024 was 1,455 trillion yen, an increase of about 30% from June’s 1,120 trillion yen. 1,455 trillion yen is the highest amount ever. The 34% increase in USD/JPY (US dollar/yen) pushed up the overall price. Additionally, the total outstanding positions as of the end of the month was 8.6 trillion yen, almost unchanged from the previous month. The unsettled USD/JPY (US dollar/yen) position was a net short position of 368.8 billion yen in June, but turned into a net long position of 1,197.7 billion yen in July. It appears that individual FX investors took the sudden reversal of the JPY (yen) selling trend as an opportunity and started selling the JPY (yen) again.
The five currency pairs with the highest transaction amounts are USD/JPY (US dollar/yen), GBP/JPY (pound pound/yen), AUD/JPY
(australian dollar/yen), EUR/JPY (euro/yen), MXN/JPY ( Mexican peso/yen).
[Image 1: https://prtimes.jp/i/52387/647/resize/d52387-647-7c8117c81dedfe0e44c3-0.png&s3=52387-647-4ed760530415d493009f3b3c5201c450-567×338.png ]
Transaction amount and position total
Figure 1. Transaction amount and position total
(Source) Created by our company based on the Financial Futures Association’s “Monthly Over-the-Counter FX News”
Left axis – transaction amount, right axis – position total
The data unit in the graph is million yen.
2. Gaitame.com Co., Ltd. FX Investor Trends July 2024
For individual investors, TRY/JPY (Turkish lira/yen) rises to second place In cooperation with Gaitame.com Co., Ltd., which has over 580,000 FX accounts, we investigated FX investor trends in July 2024.
[Survey overview]
Survey target: Users of Gaitame.com Co., Ltd.’s FX service “Gaikan Next Neo” (approximately 580,000 accounts)
Research institution: Gaitame.com Research Institute Co., Ltd. Survey target: Customers who opened new accounts and conducted FX transactions with the FX service “Gaikatsu Next Neo” during the survey period.
Survey period: July 1, 2024 7:00 to August 1, 2024 6:00
Research method: Extracted from transaction data during the target period (Personal information is anonymized so that specific individuals cannot be identified.)
2-1.Realized profit and loss in FX trading
Realized gains and losses in FX trading were positive at 41.8% and negative at 58.1%. The positive index decreased by 19.2 percentage points from the previous month, which was a difficult result for many investors. A combination of multiple factors, including the lackluster June consumer price index in the US, immediate intervention by the government and the Bank of Japan to buy the JPY (yen), and former US President Trump’s comments to keep the dollar in check, led to the unwinding of the JPY (yen) depreciation in a short period of time. is. Until then, many individual investors who had been shorting the JPY (yen) were forced to cut their losses. However, considering that the unsettled position ratio of USD/JPY (US dollar/JPY) at the end of July was heavily tilted towards buying USD (US dollar) and selling JPY (yen), some investors were initially forced to make losses. It is thought that they re-established a JPY (yen) short position while checking the market price.
[Image 2: https://prtimes.jp/i/52387/647/resize/d52387-647-2d2eafa1725d4383d12f-0.png&s3=52387-647-03fed500bca5c4d94fc1873fda961503-480×288.png ]
Profits and losses of trading participants
Figure 2-1.Profit and loss of trading participants
2-2.Number of traders by currency pair
The top 10 by number of traders by currency pair are USD/JPY (US dollar/yen), TRY/JPY (turkish lira/yen), AUD/JPY (australian dollar/yen), MXN/JPY (Mexican peso/yen), and GBP. /JPY (pound/yen), EUR/JPY (euro/yen), EUR/USD (euro/US dollar), NZD/JPY (NZ dollar/yen), ZAR/JPY (South African rand/yen), GBP/USD ( GBP/USD).
USD/JPY (US dollar/yen) remained in first place, but TRY/JPY (turkish lira/yen) hit an all-time low of 4.485 yen, and buying based on affordability was dominant, and traders The number has expanded. Additionally, MXN/JPY (Mexican peso/yen), which rose to second place in June, has fallen to fourth place. Many investors appear to have refrained from trading due to the instability of the political situation.
[Image 3: https://prtimes.jp/i/52387/647/resize/d52387-647-83349cdae96fcd3e301b-0.png&s3=52387-647-cf30f29e04a7d60d8472af420be34237-486×326.png ]
Number of traders by currency pair
Figure 2-2. Number of traders by currency pair
2-3.Average trading volume
The average trading volume per order for FX investors decreased slightly to 49,000 currencies (49 Lots).
USD/JPY (US dollar/yen) requires a deposit of 6,200 yen per lot (as of August 15, excluding corporate accounts), so the required deposit amount per order is approximately 303,800 yen. MXN/JPY (Mexican peso/yen) requires a deposit of 400 yen per lot (as of August 15, excluding corporate accounts), so the required deposit amount per order is 19,600 yen.
[Image 4: https://prtimes.jp/i/52387/647/resize/d52387-647-6bab470e72dee62e3bec-0.png&s3=52387-647-1940bcd2a2c8de809c98a1e06d41e88b-480×288.png ]
Average trading volume
Figure 2-3. Average transaction volume
2-4. Account opening period
The average length of time for FX investors who traded after opening an account was 114 months (9 years and 6 months), an increase from last month. The expansion trend continues, albeit slowly.
[Image 5: https://prtimes.jp/i/52387/647/resize/d52387-647-4fd8e36ce2fe20d225b6-0.png&s3=52387-647-e22b96cf7a4dee520077a0cd998fd5db-480×288.png ]
Account opening period
Figure 2-4. Account opening period
2-5.Age distribution of FX investment
By age group of FX investors, those in their 40s accounted for the most at 30.9%, followed by those in their 50s, 30s, and 60s. The rate continues to be over 60% for people in their 40s and 50s.
[Image 6: https://prtimes.jp/i/52387/647/resize/d52387-647-ff100bc80cb90adc45ed-0.png&s3=52387-647-e4038e7a9076aadfa53f3d7faa8b4c8b-480×288.png ]
Age composition of trading participants
Figure 2-5.Age composition of trading participants
2-6.Trends in FX account openings
Among investors who opened new FX accounts, 27.4% were in their 30s and 40s, followed by 18.4% in their 30s and 15.5% in their 50s. The situation continues to be that people in their 30s and 40s account for half of the total.
[Image 7: https://prtimes.jp/i/52387/647/resize/d52387-647-7289ba0911cb543c4698-0.png&s3=52387-647-76d6e5ae84fc7a4e1cf8b89f35bfe0fe-480×288.png ]
Age composition of account openers
Figure 2-6.Age structure of account openers
3.Summary
In July 2024, the foreign exchange market was affected by the government and the Bank of Japan’s 5,534.8 billion yen buying intervention in the JPY (Yen), lackluster US inflation indicators, and former US President Donald Trump’s comments to keep the USD (US dollar) high. yen) The weak trend was rapidly reversed. Initially, it seems that many FX investors were forced to adjust their positions, but they believed that the structure of the JPY (yen) depreciation in the medium to long term would remain unchanged, so they started selling the JPY (yen) again while checking the market situation. It seems that the movement has become dominant, and it can be seen that individual investors’ preference for a weaker JPY (yen) continues. For past survey results, please refer to Mane Iku
(https://www.gaitime.com/media/).
“Investor research” category
https://www.gainame.com/media/archive/category/FX%E6%8A%95%E8%B3%87%E5%AE%B6%E8%AA%BF%E6%9F%BB
[Table 2: https://prtimes.jp/data/corp/52387/table/647_1_dd1ec7c38beded2939d6cace5cd2f1c9.jpg ]
About Gaitame.com
Gaitame.com Co., Ltd. has over 600,000 over-the-counter FX accounts, “Gaikan Next Neo” and “Rakuraku FX Savings.” With the theme of “Making foreign exchange more accessible,” we have opened an owned media site, “Maneeku Channel,” which disseminates information related to foreign exchange, and hold a variety of seminars tailored to everyone’s level, from beginners to intermediate and advanced players. We are developing services that are close to investors.
In addition, HDI-Japan, the world’s largest support service industry membership association in Japan, has been ranked third in the HDI rating benchmark for “web support” and “inquiry desk (telephone)” for six consecutive years (2019-2024). Earned a star.
・[Gaitame.com] Homepage: https://www.gaitime.com/
・[Gaijin Next Neo] Account opening: https://www.gaitame.com/account/kouza.html ・[Mane Education Channel]: https://www.gaitime.com/media/
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[Image 8: https://prtimes.jp/i/52387/647/resize/d52387-647-38354380fff79a3e7475-0.png&s3=52387-647-72737651aed8e3a0b2f35a67aaa32c10-567×319.png ]
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[Image 9: https://prtimes.jp/i/52387/647/resize/d52387-647-038a0aebbf6f7253106e-0.png&s3=52387-647-c8086d14b1cec32a1a604fa2cc68c6af-740×310.png ]
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This article has been partially generated with the assistance of AI.