When Can You Trade Forex: Tokyo Session
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The opening of the Tokyo session at 12:00 AM GMT marks the start of the Asian session. You should take note that the Tokyo session is sometimes referred to as the Asian session because Tokyo is the financial capital of Asia.
One thing worth noting is that Japan is the third largest forex trading center in the world.
This shouldn’t be too surprising since the yen is the third most traded currency, partaking in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session.
Below is a table of the Asian session pip ranges of the major currency pairs.
These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
Here some key characteristics that you should know about the Tokyo session:
Take note that China is also an economic superpower, so whenever news comes out from China, it tends to create volatile moves. With Australia and Japan relying heavily on Chinese demand, we could see greater movement in AUD and JPY pairs when Chinese data comes in.
Now let’s check out how you can trade the London session.
www.babypips.com
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Belajarforex45.blogspot.com - Thank to visiting my blog, today I will be sharing information about When Can You Trade Forex: Tokyo Session. Everyone needs a lot of information is no exception info about When Can You Trade Forex: Tokyo Session is, for more details please refer to the article of this blog are equipped with video article, so you would be easy to just listen to the entire contents of this article with a video on When Can You Trade Forex: Tokyo Session, Happy reading.
When Can You Trade Forex: Tokyo Session
 |
Tokyo Session |
The opening of the Tokyo session at 12:00 AM GMT marks the start of the Asian session. You should take note that the Tokyo session is sometimes referred to as the Asian session because Tokyo is the financial capital of Asia.
One thing worth noting is that Japan is the third largest forex trading center in the world.
This shouldn’t be too surprising since the yen is the third most traded currency, partaking in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session.
Below is a table of the Asian session pip ranges of the major currency pairs.
These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
Here some key characteristics that you should know about the Tokyo session:
- Action isn’t only limited to Japanese shores. Tons of forex transactions are made in other financial hot spots like Hong Kong, Singapore, and Sydney.
- The main market participants during the Tokyo session are commercial companies (exporters) and central banks. Remember, Japan’s economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis.
- Liquidity can sometimes be very thin. There will be times when trading during this period will be like fishing – you might have to wait a long, long time before getting a nibble.
- It is more likely that you will see stronger moves in Asia Pacific currency pairs like AUD/USD and NZD/USD as opposed to non-Asia Pacific pairs like GBP/USD.
- During those times of thin liquidity, most pairs may stick within a range. This provides opportunities for short day trades or potential breakout trades later in the day.
- Most of the action takes place early in the session, when more economic data is released.
- Moves in the Tokyo session could set the tone for the rest of the day. Traders in latter sessions will look at what happened during the Tokyo session to help organize and evaluate what strategies to take in other sessions.
- Typically, after big moves in the preceding New York session, you may see consolidation during the Tokyo session.
Which Pairs Should You Trade?
Since the Tokyo session is when news from Australia, New Zealand, and Japan comes out, this presents a good opportunity to trade news events. Also, there could be more movement in yen pairs as a lot of yen is changing hands as Japanese companies are conducting business.Take note that China is also an economic superpower, so whenever news comes out from China, it tends to create volatile moves. With Australia and Japan relying heavily on Chinese demand, we could see greater movement in AUD and JPY pairs when Chinese data comes in.
Now let’s check out how you can trade the London session.
www.babypips.com
Thus my blog post with the title of the article "When Can You Trade Forex: Tokyo Session" may be useful, you can also read other articles and watch videos by visiting on the titles of my articles on the blog's right hand menu of this article. We are sorry if the article is less pleasing your hearts.
SHARE CENTRE - The article entitled When Can You Trade Forex: Tokyo Session is derived from the results of his own experience, sharing with family, friends, or from reliable sources both from websites, blogs, magazines, newspapers, and other media.
Tags: When Can You Trade Forex: Tokyo Session
Other Articles:
forek, making money forex, forex trading ,currency trading ,fx trading ,trading forex ,forex market ,forex online ,earn forex ,how to trade forex ,forex trade ,online forex trading ,money trading ,trade forex ,forex analysis ,how to make money in forex ,how to make money on forex ,forex online trading ,how to make money with forex ,make money forex ,make money with forex ,money trade ,forex trading online ,how to make money trading currency ,online forex ,how to make money from forex ,how to trade currency ,making money with forex ,trade money ,how to make money trading forex ,making money in forex ,make money forex trading, Tokyo Session forex
forex tokyo session gmt
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