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

July brings the first month-on-month increase in a while, as towards the end of the month increased geopolitical pressures and

tfx_new_logoAccording to an announcement released by the Tokyo Financial Exchange (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.

TFX Volumes by Currency Pair

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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%.

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