The Tokyo Financial Exchange (TFX) today has reported its volumes for the month ending April 2017, showing a double-digits 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 2,247,872 during April 2017, underpinning a decline of -16.7 percent month-over-month from 2,697,615 contracts in March 2017. Across a yearly time-frame, Click365’s contracts showed a weaker performance after reflected a loss of -28.9 percent year-on-year from April 2016.
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In addition, TFX saw a daily average of 112,394 contracts across its Click365 platform during April 2017, compared to 120,142 contracts in March 2016, constituting a fall of -6.5 percent month-over-month.
In terms of Click365’s trading composition in April 2017, the most widely utilized currency pair was again the USD/JPY, which tanked to just 760,193 contracts, plunging -26.7 percent over the figure of the month ago, compounded by a yearly drop of -23.4 percent year-on-year from April 2016. Other pairs of note include the EUR/JPY, which saw its contracts explode by margins of 37.1 percent month-over-month from March 2017. But while the figure does illustrate a strong rebound from the month prior, it is still substantially below that of the year earlier, having fallen -10.0 percent year-on-year.
By extension, the EUR/USD has dropped -32.9 percent over the previous month and -12.9 percent year-on-year. Fueled by ongoing saga over the Brexit negotiations, the GBP/USD has swelled 84.7 percent year-on-year from April 2016 as recent developments surrounding Theresa May’s call for an early election has kindled strong interest in the trading pair.
In addition to the GBP/JPY, the AUD/JPY also recorded a strong month-over-month drop, albeit by a more muted margin of -12.9 percent and -9.1 percent respectively.