FX Trading Volumes Continue Downward Trend on TFX in August

The Tokyo Financial Exchange (TFX) announced its August trading volume on Tuesday, showing a calm atmosphere in the trading market during the summer.

In March , public concerns about the new crown pneumonia reached its peak, and market volatility also intensified, leading to a substantial increase in trading activities and trading volume .

Since March, transaction volume has been declining. However, although historically June is usually a stable month, trading activity in June has increased surprisingly .

The trading volume in July resumed its downward trend. Today the first wave of traders has announced the trading volume in August, and the situation does not look optimistic.

From the perspective of foreign exchange transactions on the Tokyo Financial Exchange, the total trading volume of foreign exchange daily futures contracts is 171,1391 contracts, and the average daily trading volume is 8,1494 contracts. Compared with the previous month, the transaction volume decreased by 8.7% from the previous month. Compared with the same period last year, the decline was even greater, with a year-on-year decrease of 42.5% .

Increase in trading volume of Turkish lira

The top three trading volumes of this month are USD/JPY, Mexican Peso/JPY and Turkish Lira/JPY, with volumes of 42,9442, 26,7712 and 21,9176 contracts, respectively.

The trading volume of 3-month euro/yen futures was 9,860 contracts, a decrease of 37.3% from the previous month, and a year-on-year decrease of 82.2% from August last year. The average daily trading volume was 493 contracts.

Surprisingly, the Turkish lira has the largest month-on-month increase against the Japanese yen (TRY/JPY) . 21,9176 contracts were traded that month. Compared with July, the month-on-month increase was 43%, but compared with the same period last year, it was a year-on-year increase. A decrease of 60.3%.

The euro against the U.S. dollar (EUR/USD) currency pair suffered the most . Sales in August were down 35.2% month-on-month from July, but were up 19.4% from the same period last year.

The total trading volume of stock index daily futures contracts was 71,7777 contracts, and the average daily trading volume was 3,4195 contracts, a decrease of 4.4% from the previous month. Compared with August 2019, the transaction volume year-on-year A decrease of 40.1%.