TOKYO (Agencies): currency traders in Japan regardless of their influence will be up to 25 times the warranty of two years, the government said Friday a move that could curb the shell of retail investors "of currency speculation . The Financial Services Agency, said influence is limited to 50 times from August 2010 and 25 times from a year after that in line with a proposal it submitted in late May. That would be a big cut of some runners who take the offer of 400 times or more, and margins for brokers in general. Foreign exchange margin trading, which allows investors to make big bets with relatively small amounts of money, has grown in recent years in Japanese homes, dissatisfied with negligible interest rates at home, looked abroad for further performance. In a sign of its growing influence, a report from the Bank of Japan said last year that the margin of foreign exchange operations in Japan may be responsible for 10 percent of all yen spot transactions worldwide each day. |
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