The Tokyo Financial Exchange (TFX) has just released its trading volumes for the month ending June 2021, showing a monthly recovery in the margin foreign exchange (FX) contracts demand on Click365. However, the figure still remains bearing year-over-year.
According to the reported numbers, the total trading volume of FX futures contracts in June was 2,119,854, which was 11.6 percent higher than May but 21 percent lower than June in 2020. The average daily trading volume on the exchange came in at 96,355.
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The latest monthly recovery came after the derivatives exchange reported a dip in demand in the previous month with only 1,900,153 FX contracts changing hands.
The exchange detailed that US dollar-Japanese yen remain the most traded currency pairs followed by Mexican peso-Japanese yen and Turkish lira-Japanese yen. Their monthly demand surged by 4.7 percent, 29.9 percent, and 62.3 percent, respectively. Demand for the Turkish lira also surged by more than 87 percent year-over-year mostly due to the volatility in the currency.
However, the Australian dollar-US dollar dragged the most month-over-month, gaining almost 92 percent.
Recovering Demands
The TFX also reported that the total trading volume of FX Clearing, as of May 17, reached 4,349,677, while the average daily volume came in at 197,713. Open positions by the end of the month were at $164.9 million.
Apart from FX, the total volume of Equity Index Daily Futures contracts fell by 36.4 percent compared to May, but recovered 83 percent year-over-year. Click kabu 365 recorded an average daily trading volume of 110,080.
Overall, the combined trading volume of all products listed on TFX stood at 8,903,157, which was 23.9 percent higher month-over-month and 120.8 percent up year-over-year.
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