Tokyo Financial Exchange (TFX) reported their Click 365 FX July metrics today and the results are encouraging with 1,710,893 (+5.6% MoM) total volume w/ a daily average of 74,384.
The total trading volume of Exchange FX Margin contracts (Click 365) in June was 1,620,533 and its average daily trading volume was 77,169. For July we have a higher overall total with a slight drop in average traded per day. Sentiment in the Kiwi dollar and British pound contributed to some significantly higher MoM gains as well as rumors circulating around the commodity currencies in the Aussie and Canadian dollars. We will see if the positive trading momentum lasts for the rest of the summer months in the Japanese markets.
To note, the trading volume of Three-month Euroyen futures in July was 195,180, down 24.9% MoM.
See the table below for the composition of the trading volume across currency pairs.