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How long is the asian forex session open?

The forex market is a global market that operates 24 hours a day, five days a week. However, the market is not always equally active throughout the day. Different trading sessions overlap, leading to different levels of trading activity and liquidity.

The Asian forex session is one of the major trading sessions in the forex market. It is also known as the Tokyo session or the Asian-Pacific session. It is the first major trading session to open every week, and it is followed by the European and American sessions.

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So, how long is the Asian forex session open?

The Asian forex session opens at 7:00 PM EST on Sunday and closes at 4:00 AM EST on Monday. This means that the session lasts for nine hours. During this time, the forex market is active in the Asian-Pacific region, including Japan, China, Australia, New Zealand, and other countries in the region.

The Asian forex session is known for its relatively low volatility compared to the other major sessions. This is because the session overlaps with the European and American sessions for only a few hours. As a result, the trading volumes are lower during the Asian session, and the market tends to move in a more subdued manner.

However, this does not mean that there are no trading opportunities during the Asian forex session. In fact, there are several major economic events that can impact the market during this session. For example, economic data releases from Japan and China can have a significant impact on the forex market. The Bank of Japan and the Reserve Bank of Australia also hold their monetary policy meetings during the Asian session, which can lead to market-moving announcements.

Traders who focus on the Asian forex session can also take advantage of the volatility in the currency pairs that involve the yen, the Australian dollar, and the New Zealand dollar. These currencies are often referred to as the “commodity currencies” because they are heavily influenced by the prices of commodities, such as oil and gold. Therefore, traders who keep an eye on the price of these commodities can take advantage of the opportunities that arise during the Asian session.

It is important to note that the Asian forex session is not only limited to trading in the Asian-Pacific region. Traders from all over the world can participate in the session, as long as their trading platform is open. This means that traders in Europe and America can also take advantage of the trading opportunities during the Asian session.

In conclusion, the Asian forex session is open for nine hours, from 7:00 PM EST on Sunday to 4:00 AM EST on Monday. Although it is known for its relatively low volatility compared to the other major sessions, there are still plenty of trading opportunities to be found during this session. Traders who focus on the Asian forex session can take advantage of economic events, commodity prices, and other factors that can impact the market.

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