TFX Sees FX Volumes Decline in March as Volatility Wanes

[kreslik.news]

The Tokyo Financial Exchange (TFX) has reported its latest trading volumes for the month ending March 2018. The exchange’s recent surge in FX volumes was stopped in March, resulting in a double-digit consolidation. The move was largely dictated by the JPY, which failed to break out of tight trading ranges vs. several majors in March.

Volatility was somewhat subdued in March, absent any notable market driver or specific event. The result was a rather muted movement in the JPY, which was noted in declines in EUR/JPY, GBP/JPY, and USD/JPY trading. The latest results halted TFX’s momentum in 2018, after ... (read more)