The Tokyo Financial Exchange (TFX) today reported its volumes for the month of August 2017. The trading volumes of exchange-traded margin FX contracts Click 365 were slightly higher on a month-on-month basis.
The TFX said that trading volumes for August 2017 came in at 2,398,495 contracts which was an increase of 4 percent over the figure reported in July 2017. This was also a decline of 4.1 percent year-on-year.
In addition, TFX reported that the daily average volume in August 2017 was 104,282 contracts. This is 5 percent lower than the 109,872 contracts reported in July 2017.
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As far as the trading composition of the contracts is concerned, the USD/JPY pair continued to lead the way in trading volumes with 835,998 contracts in August, with an average daily volume of 36,348. This represents an increase of 3.7 percent over July 2017.
Other pairs of note include the TRY/JPY pair which showed a 25.8 percent volume increase from July 2017 and a 97.6 percent increase year-on-year.
The NZD/JPY pair also saw a good rise in trading volumes month-on-month – a rise of 42.9 per cent.
The EUR/USD pair saw an increase of 28.5 percent over July. The euro had been mainly in an uptrend during this period and hence showed a lot of activity.