TFX Reports Weak Volumes in June, FX Trading Drops 25.2% MoM

Overall, the combined trading volume for all TFX products fell by 27.6 percent month-on-month.

The Tokyo Financial Exchange (TFX) has published its trading volumes for June. Although some sectors of the exchange did post solid volumes, overall trading in TFX products during the month fell.

As Finance Magnates reported, the futures exchange noted a month-on-month recovery in May, following on from a weak April. Nonetheless, volumes remained down on a yearly comparison.

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For June, overall, the combined trading volume for all TFX products was 2,278,500 contracts. This translates to an average daily trading volume of 113,949. 

When measuring this figure against the previous month, it is lower by 27.6 percent. June’s figure has also fallen 20.2 percent year-on-year.

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Taking a look at foreign exchange (FX) daily futures contracts, which are traded through Click 365, the futures exchange reported a total trading volume of 1,644,505. This represents an average daily trading volume of 82,224 contracts.

Against the previous month, June’s trading volume has fallen by 25.2 percent from the 2,199,105 contracts trading in May. When weighed against the same month of the previous year, last month’s volume is also down by 33.1 percent.

EURUSD Makes a Recovery in June on TFX

In June, the Euro/US Dollar (EUR/USD) currency pair was the only pair to report a month-on-month uptick in trading volumes. With the total volume coming in at 35,419 contracts, this is higher by 72 percent month-on-month.

This is in contrast to the previous month, as the worst performing currency pair in May was none other than the EUR/USD – the most traded currency pair in the world. During the month a total of 20,592 895 contracts (an average of 895 per day) were traded for this currency pair, which represents a 52 percent and 74.7 percent fall month-on-month and year-on-year, respectively.

Despite a lackluster performance from the FX segment, the trading volume of three-month Euroyen futures came in at 91,825 contracts. This is higher by a significant 120.5 percent when weighed against May of 2019. It is also higher by 14.3 percent year-on-year.

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