Asian session opens at 6 a.m. VN marked the beginning forex clock. Noting Tokyo session sometimes alluded to as the Asian session because Tokyo is the financial capital of Asia. Another point worth noting is the center of Japan's 3rd largest forex trading world. This is no surprise that the yen is the currency traded 3rd, accounting for 16.50% of forex trading. Accounts generally 21% of forex trading is done in this session.
Below is a table of the pair pip margin rates in the Asian session:
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Below there are some features you should know about the Tokyo session:
(1) Trading activity is not limited to Japanese territory, but also common in other financial markets such as Hong Kong's hot, Singapore and Sydney.
(2) Participants in the session the Tokyo market is the commercial companies (exporters) and the central bank. Remember, the Japanese economy depends heavily on exports, with China's major trading partners should have more forex trading happens in the day.
(3) Liquidity sometimes very low. There are now trading at the Tokyo session like fishing, you might have to wait a long neck before you can jump into the market.
(4) Can you see fluctuating exchange rates than in the Asia Pacific region as the AUD / USD and NZD / USD fluctuated but weak in the other as the pair GBP / USD.
(5) In times of low liquidity, the pair of pliers in the exchange rate can narrow frame transactions, provide opportunities for day trading or short break on the last trading day.
(6) Most significant fluctuations occur in early trading as several economic data is released.
(7) fluctuations in the Tokyo session may provide a basis for evaluating trends in the time remaining days. The trader at the next session will look at changes occurring in the Tokyo session to organize and evaluate strategies for the next session.
(8) Often after volatile session in New York yesterday could see an accumulation period of sessions in Tokyo the next day.
So the pair trading session at Tokyo-rate?
Because in Tokyo trading economic news was announced from Australia, New Zealand and Japan, so this is a good opportunity for a private transaction under. Also volatile than usually seen in pairs JPY cross rates because the currency is the Japanese companies use to trade.
Noting China's economic superpower so whenever there is economic data released from China tend to create volatility oscillator strengths. Because Australia and Japan rely heavily on demand from China should be able to witness a sharp knife at the pair AUD exchange rate and yen when China's economic data was released.
