The Tokyo Financial Exchange (TFX) today has reported its volumes for the month ending July 2017, showing a notable decline across its exchange traded margin FX contracts, dubbed “Click365”, according to a TFX statement.
The Japanese bourse said trading volumes of its listed foreign exchange contract came in at 2,307,283 during July 2017, underpinning a decline of -4.0 percent month-over-month from 2,400,152 contracts in June 2017. Across a yearly time-frame, Click365’s contracts showed a weaker performance after reflected a loss of -32.2 percent year-on-year from July 2016.
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In addition, TFX saw a daily average of 109,872 contracts across its Click365 platform during July 2017, compared to 109,279 contracts in June 2016, constituting a slight improvement of less than one percent month-over-month.
In terms of Click365’s trading composition in July 2017, the most widely utilized currency pair was again the USD/JPY, which saw its volumes rising to 805,986 contracts, up 4.7 percent over the figure of the month ago, but registered a yearly drop of -29.4 percent year-on-year from July 2016. Other pairs of note include the ZAR/JPY, which saw its contracts explode by margins of 56.7 percent year-over-year from July 2016. In addition, the AUD/JPY volumes illustrated a strong rebound from the month prior, up 5.9 percent from June, but it is still substantially below that of the year earlier, having fallen -58.5 percent year-on-year.
By extension, the EUR/USD has gained 4.7 percent over the previous month and 9.0 percent year-on-year. GBP/USD volumes tanked to just 28,311 contracts, plunging -49 percent over the last month, compounded by a yearly drop of -37.5 percent year-on-year.