The forex market is a 24-hour, globally operating market that never sleeps. It is divided into three major trading sessions: the Asian, European, and North American sessions. Each session has its unique characteristics, and traders must understand them to make profitable trades. In this article, we will focus on the forex pairs that move during the Asian session.
The Asian trading session starts at 6 pm EST and ends at 3 am EST. It is the first major trading session to open after the weekend, and it is also the quietest session in terms of volatility. However, this does not mean that there are no opportunities to make profits during this session. Traders must identify the forex pairs that move during the Asian session to take advantage of the market’s unique characteristics.
The most actively traded currency pairs during the Asian session are the JPY crosses. These pairs include USD/JPY, EUR/JPY, AUD/JPY, and NZD/JPY. The reason for this is that Japan is the largest economy in the Asian region, and the Japanese yen (JPY) is a major currency. Therefore, when the Japanese market opens, there is a high demand for JPY crosses.
Another currency pair that moves during the Asian session is the AUD/USD. The Australian dollar (AUD) is a commodity currency, and Australia is a major exporter of commodities such as iron ore, coal, and gold. Therefore, when the Asian markets open, there is a high demand for the AUD, and this drives the AUD/USD pair.
The NZD/USD is another currency pair that moves during the Asian session. New Zealand is a small economy, but it is a major exporter of dairy products. Therefore, when the Asian markets open, there is a high demand for the NZD, and this drives the NZD/USD pair.
The USD/SGD is a currency pair that is specific to the Asian region. Singapore is a major financial center in Asia, and the Singapore dollar (SGD) is a major currency. Therefore, when the Asian markets open, there is a high demand for the SGD, and this drives the USD/SGD pair.
The USD/CNH is another currency pair that moves during the Asian session. The Chinese yuan (CNH) is a major currency, and China is the second-largest economy in the world. Therefore, when the Asian markets open, there is a high demand for the CNH, and this drives the USD/CNH pair.
In conclusion, the forex pairs that move during the Asian session are the JPY crosses, AUD/USD, NZD/USD, USD/SGD, and USD/CNH. Traders must understand the unique characteristics of each currency pair to make profitable trades during the Asian session. The Asian session may be the quietest session in terms of volatility, but it offers opportunities for traders who know which forex pairs to trade.
