FX Volumes Down 20% at the Tokyo Financial Exchange

Apparently there won’t be any records set in Japan’s FX industry this month. In the first report of May trading volumes, 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 reported a decline in activity during the month. During May, total Click 365 exchange traded FX volumes totaled 5,556,545 contracts, 20% below April’s figure of 6.96 million contracts. Average daily volumes (ADV) for May were 241,625 contracts. In individual Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term pairs, among yen crosses, only the USD/JPY saw an increase in volumes, with total volumes reaching 2,502,868 contracts, 4.2% above April figures. With across the board declines in other forex pairs, USD/JPY trading accounted for a staggering 45% of total trading at the TFX. Declining heavily during the month were EUR/JPY and AUD/JPY contracts, whose volumes dropped 42.3% and 39.5% respectively. The figures compare with those of April, which led to record volumes being set among multiple Japanese trading venues and brokers.

In contrast to FX volumes, the TFX’s Equity Index division was on fire during May. Volumes of both Kabu 365 and Nikkei 225 Margin contracts increased by over 80% from April, with them experiencing over 450% gains compared to the same period last year. Total Kabu 365 volumes were 978,778 contracts, with Nikkei 225 trading 960,230.