Foreignexchange trading volumes rose across the largest institutional venues in June,with average daily activity up between roughly 6% and 9% from May at Cboe FX,FXSpotStream, 360T and Euronext FX. The gainscame alongside an extra trading session, but per-day figures also improved,pointing to a real pickup rather than a calendar quirk.Junecarried 22 trading days against 21 in May, which lifted headline monthly totalsmore than the daily averages. Even so, the daily numbers extended a run of firminstitutional activity that has held through most of 2026, after volumes jumped to start the year on renewed dollar swings.Cboe and FXSpotStream Setthe PaceCboe's spotFX platform handled $1.31 trillion in June, with average daily volume of $59.63billion, up 8.7% from May's $54.86 billion, according to exchange data. Thatdaily pace stayed below the $63.3 billion the venue clocked in January, stillone of its stronger readings of the year.FXSpotStream,the bank-backed aggregation service, reported total average daily volume of$160.05 billion, a 7.9% rise from May and above the $154.3 billion it posted inJanuary. Spottrading made up $113.19 billion of the daily average, with swaps and otherproducts accounting for the rest. The platform has climbed steadily since the near-record volumes it set in early2025.Euronext FX and 360T RoundOut the GainsEuronextFX, the venue formerly known as FastMatch, processed $671.6 billion over themonth for average daily volume of $30.53 billion, up 8.8% from May, based onits daily disclosures. That extended a slow recovery from the subdued readings of mid-2025, when low volatility pushed severalplatforms to multi-month lows.360T, theFX arm of Deutsche Börse, ran higher again, with $932.7 billion in total volumeand average daily activity of $42.39 billion, a 6.4% rise from May. The Germanvenue's daily pace was about a quarter above its year-ago level, one of thesteeper annual gains among the major platforms.Source:Cboe, FXSpotStream, 360T and Euronext FX daily data, and TFX. ADV = averagedaily volume. Click 365 shown in contracts.Turkish Lira Overtakes theDollar on Tokyo's Click 365The TokyoFinancial Exchange told a different story beneath the growth. Click 365, itsretail-facing FX futures market, saw total volume rise 7.8% to 1.84 millioncontracts, but daily activity edged up just 2.9% to 83,679 contracts, meaningmost of the monthly gain came from the extra session.The biggershift was in what traders bought. The Turkish lira against the yen jumped 40.6%from May to 701,623 contracts and sat 384.7% above its year-ago level,overtaking dollar-yen as the most active contract on the exchange.Dollar-yen,long the anchor of Japanese retail FX, fell 36% on the month to 253,751contracts and was down 37.4% from a year earlier. Otherhigh-yielders drew similar flows, with the Hungarian forint against the yen up38.2% on the month and more than 800% on the year, the rand-yen pair up 22.1%,and the Mexican peso-yen holding near the top of the table.The patternpoints to demand for carry trades, where traders fund positions in alow-yielding currency like the yen to buy higher-yielding ones. FM has trackedthe easing of the major yen crosses for several months as activitydrifted toward exotic pairs.Volumes Run Well AboveYear-Ago LevelsAcross venues,June activity sat far above the same month in 2025, when institutional FX was weathering the dollar's slide. Cboe's daily volume compared with$48.3 billion a year earlier, a 23% increase, against a June 2025 monthly totalof $1.01 trillion.FXSpotStream'sdaily average ran about 60% above the $99.8 billion it recorded in June 2025,while 360T was up around 25% from $33.9 billion, Euronext FX rose roughly 10%from $27.66 billion, and Click 365 volume was 55.9% higher than a year ago.Thestrength fits a wider lift in trading demand, with retail flow hitting a record early in 2026.Institutionaldesks have since booked some of their busiest stretches on record, a turnaroundfrom the April 2025 peak that followedTrump's tariffs andthe pullback that came weeks later.This article was written by Damian Chmiel at www.financemagnates.com.