The Japanese trading venue, Tokyo Financial Exchange(TFX), has released its volumes figures for the month of February 2014, showing considerable declines in FX trading both on a monthly comparison and on a yearly comparison.

During February, Click 365 exchange traded margin FX total volumes suffered a 25.5% decrease compared to the previous month, coming in at just 2,382,278 contracts, which is even worse in a yearly comparison as it is down 65.5% from February 2013. On average, the FX trading volume of Click 365 was 119,114 contracts a day during the month, compared with January’s 145,343.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

To put the February FX figures in perspective, the total trading volume on all TFX’s products experienced a 21.3% decrease compared to the previous month, and it’s down 59.6% year-on-year. Equity Index Margin trading volumes were down 13.7% compared to the previous month and interest rate futures trading actually increased by 10%.

Examining the most traded currency pairs on the TFX reveals that all yen-based pairs suffered declines in trading volumes in February, with only the GBP/USD increasing in volumes. The USD/YEN, CHF/YEN and NZD/YEN all experienced declines in trading volumes of over 30% over the month.