Forex trading is a 24-hour market, and as such, traders can trade at any time of the day or night. However, not all forex pairs are equally active during the night. Some currency pairs are more active than others, and knowing which ones are can be helpful for traders.
The most active forex pairs during the night are those that involve the major currencies, such as the US dollar (USD), the euro (EUR), the Japanese yen (JPY), the British pound (GBP), the Swiss franc (CHF), the Canadian dollar (CAD), the Australian dollar (AUD), and the New Zealand dollar (NZD).
Among these currency pairs, the most active ones during the night are the USDJPY, EURJPY, GBPJPY, AUDJPY, and NZDJPY. These pairs are particularly active because they involve the Japanese yen, which is one of the most traded currencies in the world.
The USDJPY is the most actively traded forex pair during the night. This pair accounts for about 17% of the total daily forex trading volume. The USDJPY is popular among traders because of its high liquidity and tight spreads. It is also a popular pair for carry trades, where traders borrow in low-interest rate currencies (like the JPY) to invest in high-interest rate currencies (like the USD).
The EURJPY is the second most active forex pair during the night, accounting for about 12% of the total daily forex trading volume. This pair is popular among traders because it combines two of the major currencies in the forex market, the euro and the Japanese yen. It is also a popular pair for carry trades.
The GBPJPY is the third most active forex pair during the night, accounting for about 7% of the total daily forex trading volume. This pair is popular among traders because it combines two of the major currencies in the forex market, the British pound and the Japanese yen. It is also a popular pair for carry trades.
The AUDJPY is the fourth most active forex pair during the night, accounting for about 5% of the total daily forex trading volume. This pair is popular among traders because it combines two of the major currencies in the forex market, the Australian dollar and the Japanese yen. It is also a popular pair for carry trades.
The NZDJPY is the fifth most active forex pair during the night, accounting for about 3% of the total daily forex trading volume. This pair is popular among traders because it combines two of the major currencies in the forex market, the New Zealand dollar and the Japanese yen. It is also a popular pair for carry trades.
Other forex pairs that are active during the night include the EURUSD, USDCHF, and USDCAD. These pairs are also popular among traders because they involve the major currencies in the forex market.
In conclusion, forex trading is a 24-hour market, and traders can trade at any time of the day or night. However, not all forex pairs are equally active during the night. The most active forex pairs during the night are those that involve the major currencies, particularly the USDJPY, EURJPY, GBPJPY, AUDJPY, and NZDJPY. These pairs are particularly active because they involve the Japanese yen, which is one of the most traded currencies in the world. Knowing which forex pairs are active during the night can be helpful for traders looking to trade during this time.
