However volumes at the Japanese retail forex broker remain well below first half of the year levels.

Continuing our theme of improving trading volumes in November, mid-size Japanese retail forex broker Monex Group (which also owns TradeStation and IBFX in the US), reported November average daily forex trading volumes of ¥110.6 billion, up 11% from October. The ¥110.6 billion figure translates into total monthly volumes of $25 billion for Monex.

Despite the improvement, Monex volumes metrics are now down 54% (!!) from their peak earlier this year, when Monex reported forex trading volumes of $54 billion in April.

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.