Commodity Currencies Drive Tokyo Financial Exchange Volumes Higher in June

The Tokyo Financial Exchange (TFX) posted its June results. During the month, average daily contracts of its Click 365 FX trading product was 293,997, with total volume of 5,879,893. The figures marked a 5.8% increase from May. Despite increases in OTC activity in Japan, exchanged traded Click 365 volumes underperformed the market last month, showing a decline in activity. Volumes were driven lower by a substantial drop in EURJPY trading which had been the most traded Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term pair during much of 2012.

During June, trading in the EURJPY continued to decline with the USDJPY easily taking the top stop among most traded forex pairs. Picking up the slack was renewed interest in commodity currencies, with the AUDJPY volumes rising 31.9% MoM, along with similar activity in the NZDJPY. Due to falling precious metals prices and deleveraging taking place last month, the Aussie was one of the more volatile currencies, with the AUDJPY falling to a six month low, over 15% below its 2013 high. Looking ahead, the diversification of volumes away from being primarily driven by the USDJPY bodes well for the rest of the Japanese market. As such, it will be interesting to see if the world’s largest retail Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term by volume, GMO Click, was able to top $1 trillion in monthly volumes during June.