TFX Sees Significant YoY Losses in FX Trading in July 2018

The exchange just managed to achieve monthly and yearly gains, due to continued muted volatility for the JPY.

The Tokyo Financial Exchange (TFX) has reported its latest trading volumes for the month ending July 2018. Following a disappointing June, the figures show mixed results, with the muted volatility levels of the Japanese yen (JPY) continuing into July.

In July this year, the combined trading volume for all of TFX’s products was 3,081,028 contracts. This was a slight improvement of 7.9 percent from June 2018 and an even slimmer gain of 3.2 percent from the same period last year. For the month, the average daily trading volume was 140,287 contracts on the exchange. The lackluster results follow a strong start to the year.

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Starting with interest rates futures contracts, the trading volume of three-month EUR/YEN futures was 110,841 contracts. While this was an increase of 38 percent from June’s volumes, it is down 25.6 percent from July 2017.

The total trading volume of FX Daily Futures contracts (Click 365) was 2,604,952 contracts. This was up by 6 percent month-on-month and 12.9 percent year-on-year. Average daily trading volume was 118,407 contracts. Some of the best performers in this segment include the U.S. Dollar-Japanese Yen, Turkish Lira -Japanese Yen and British Pound-U.S. Dollar contracts.

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USD/JPY contracts in July came in at 836,425 – an increase of 42.7 percent from June 2018. TRY/JPY saw 473,515 contracts. This was a notable increase both month-on-month and year-on-year, jumping by 32.3 percent and 86.4 percent respectively. GBP/USD contracts also jumped by 39 percent month-on-month and 82.1 percent year-on-year in July, coming in at 51,546 contracts.

Equity volumes for TFX continue to retreat

For the exchange’s Equity Index Trading Futures contracts (Click kabu 365) total trading volume was 365,235 contracts. This was an increase of 15.2 percent from the previous month, but a decline from the same period last year. Average daily trading volume for the segment was 16,602.

The Nikkei 225 Daily Futures contracts came in at 291,866 contracts, with the daily average trading volume at 13,267. This was a jump when compared to June this year of 21.4 percent, but it was still down 18.5 percent year-on-year.

The DAX Daily Futures contracts saw the biggest decline in contracts of 81.7 percent from the same period last year. The trading volume, which was 4,360 contracts in July, was also down from the previous month by 3.6 percent.

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