The Tokyo Commodity Exchange reported December and full-year 2016 vollumes today. Futures volume for January through December 2016 totaled 26,930,770 contracts, up 10.4% year-over-year, a significant increase.
In 2016, the Bank of Japan’s negative interest rate policy and the increased public spending led to positive real GDP growth. Late in the year, stock prices rose and the yen weakened against the dollar. This “Trump effect” delivered expectations for improved corporate performance. Commodity markets experienced lulls in summer and into autumn, interrupted by volatility following June’s Brexit vote and November’s U.S. presidential election.
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