FX Margin Contracts Traded on the Tokyo Financial Exchange up by 5.6% in July

According to an announcement released by the Tokyo Financial Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TFX), the total trading volumes of Click 365 Exchange FX Margin contracts during the month of July was 1,710,893, which is higher by 5.6% when compared to last month. The year-on-year comparison of FX volumes remains obsolete, as the extraordinary trading conditions last year brought increased trading activity. The average daily trading volume was 74,384, while combined trading volume on Click kabu 365 equity indices increased by 2.8% to 316,627.

When we look at the composition of volumes, the clear leader is the USD/JPY pair, followed by the AUD/JPY and the EUR/JPY currency pairs. The single biggest month-on-month trading volume increase is credited to the NZD/JPY pair, where FX trading activity has picked up by 32% due to the Reserve Bank of New Zealand putting an end to its rate hiking cycle, and signaled that rates are going to remain on hold for the foreseeable future. USD/JPY trading has contributed the most in nominal terms, picking up by 16.8%.