The newsroom

USD/JPY

The companies, products and regulatory developments shaping the broker industry.

Turkish-lira futures led Tokyo contract counts but made up 1.5% of reported yen notional

Tokyo Financial Exchange’s October tables put TRY/JPY at 38.2% of Click 365 contracts but 1.54% of the published yen-value total. Standard contract units and reference values, not equal-sized currency exposures, explain the reversal against USD/JPY.

12 Nov 2026Analysis11 min read

Broker updates

Japan’s retail FX market turned over ¥1.227 quadrillion in September—105 times its month-end open positions

An exact conversion of FFAJ data shows the scale and velocity of Japan’s retail OTC FX market, while preserving the crucial distinctions among gross turnover, open notional exposure, customer margin and broker revenue.

9 Nov 2026Analysis8 min read