TFX Reports Massive FX Volumes, More than Doubling in March
- Trading volumes of the USD/JPY currency pair increased significantly during the month.
With the coronavirus pandemic bringing volatility back to the markets, March is set to be a solid month in terms of trading volumes. This Wednesday, the Tokyo Financial Exchange (TFX) has released its monthly metrics, showcasing a significant uptick in trading for March.
As Finance Magnates reported, February was a solid month for TFX in terms of trading volumes, with the exchange reporting a solid uptick in foreign exchange (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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. 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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term) trading on both a monthly and yearly comparison.
However, March’s figures have put February’s to shame, with the exchange posting a total trading volume of FX Daily Futures contracts of 6,442,605 via Click 365. When comparing this against the previous month, trading volumes have more than doubled, soaring by 163.1 percent.
On a yearly comparison, volumes have also achieved a significant increase of 141.5 percent in March, as COVID-19 volatility continues to boost FX trading. For March, the average daily trading volume was 292,845 contracts.
TFX sees massive USD/JPY volumes
Taking a look at individual currency pairs, the United States dollar/Japanese yen saw the biggest monthly and yearly increase in trading volumes in March, with the total trading volume coming in at 2,189,698 contracts. This translates to an uptick of 268.8 percent month-on-month and a massive 393.7 percent growth on a yearly comparison.
However, it wasn’t just FX, which saw a boost in trading during March. In fact, the total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 3,676,146. When measuring this against the previous month, volumes have climbed by 101.2 percent. Trading is also higher 786.0 percent on a yearly measurement.
While FX and Equity trading both noted significant increases in trading volumes, the same can’t be said for Interest Rate Futures contracts. Specifically, the trading volume of Three-month Euroyen futures was 52,280. This is higher by 72.0 percent month-on-month, but volumes have actually fallen year-on-year by 45.4 percent.
With the coronavirus pandemic bringing volatility back to the markets, March is set to be a solid month in terms of trading volumes. This Wednesday, the Tokyo Financial Exchange (TFX) has released its monthly metrics, showcasing a significant uptick in trading for March.
As Finance Magnates reported, February was a solid month for TFX in terms of trading volumes, with the exchange reporting a solid uptick in foreign exchange (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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. 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 trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term) trading on both a monthly and yearly comparison.
However, March’s figures have put February’s to shame, with the exchange posting a total trading volume of FX Daily Futures contracts of 6,442,605 via Click 365. When comparing this against the previous month, trading volumes have more than doubled, soaring by 163.1 percent.
On a yearly comparison, volumes have also achieved a significant increase of 141.5 percent in March, as COVID-19 volatility continues to boost FX trading. For March, the average daily trading volume was 292,845 contracts.
TFX sees massive USD/JPY volumes
Taking a look at individual currency pairs, the United States dollar/Japanese yen saw the biggest monthly and yearly increase in trading volumes in March, with the total trading volume coming in at 2,189,698 contracts. This translates to an uptick of 268.8 percent month-on-month and a massive 393.7 percent growth on a yearly comparison.
However, it wasn’t just FX, which saw a boost in trading during March. In fact, the total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 3,676,146. When measuring this against the previous month, volumes have climbed by 101.2 percent. Trading is also higher 786.0 percent on a yearly measurement.
While FX and Equity trading both noted significant increases in trading volumes, the same can’t be said for Interest Rate Futures contracts. Specifically, the trading volume of Three-month Euroyen futures was 52,280. This is higher by 72.0 percent month-on-month, but volumes have actually fallen year-on-year by 45.4 percent.