As usual, the Tokyo Financial Exchange (TFX) is the first venue to provide its full month trading statistics. During the month, Click 365 volumes, the firm’s exchange traded FX product was 2,502,017 contracts, 1.2% higher than October, and 12.8% higher on an average daily volume ratio. While USD/JPY trading rose only marginally, overall volumes were boosted by sharp rises in activity in the EUR/JPY and GBP/JPY. Speculation in the two crosses has risen as both the euro and pound are trading at multi-year highs against the yen at 139.21 and 168.50 respectively.
The rise in Click 365 trading volumes marked the first time since June that month-over month activity rose. The volumes also back up reports from various brokers that mentioned to Forex Magnates that they experienced an uptick in business during November. Looking ahead, we should gain a better perspective of Japan’s Forex sector after GMO Click Securities, the country’s largest retail broker by volume, reports its trading numbers.
The Rising Star of the DeFi Project, GIBXSwap, Passes CertiK Security AuditGo to article >>