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 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 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.
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