The Tokyo Financial Exchange (TFX) today reported its volumes for the month ending May 2017, showing another monthly decline in trading across its exchange traded margin FX contracts, called ‘Click365’, according to a TFX statement.
The Japanese bourse revealed trading volumes of its listed foreign exchange contracts coming in at just 2,220,588 during May 2017, underpinning a decline of 1.2% month-over-month from 2,247,872 contracts in April 2017. Across a yearly time-frame, Click365’s contracts showed a much weaker performance with a loss of 26.2% year-on-year from May 2016.
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In addition, TFX saw a daily average of 96,546 contracts across its Click365 platform during May 2017, compared to 112,394 contracts in April 2016.
Breaking down Click365’s trading composition in May 2017, the most popular currency pair for traders in Japan was again the USD/JPY. USD/JPY trading volumes dropped to just 715,700 contracts, plunging 5.9% previous month’s figure, contributing to a yearly drop of 16.6% from May 2016.
Other pairs of note include the EUR/JPY, which saw its contracts grow again, this time by margins of 40% month-over-month from April 2017. The figure does illustrate an even stronger trend in Japan toward trading the euro-Japanese yen currency pair, as it is up 58.1% from May 2016.
Exhibiting the worst performance by relative trading volumes at TFX in May 2017 was the British pound-US dollar currency pair. GBP/USD reached only 38,749 contracts, down 52.9% month over month and 46.9% year over year.
In addition to the currency figures, TFX reported that the total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 572,639, down 5.7% month over month.