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What time is asian session forex?

The forex market operates 24 hours a day, 5 days a week, which means traders can trade at any time during the week. However, the market is not always equally active, and different trading sessions have different levels of activity and volatility. One of the most important trading sessions is the Asian session, which is also known as the Tokyo session. In this article, we will explain what time the Asian session forex operates and why it is significant for traders.

What is the Asian Session Forex?

The Asian session forex refers to the period when the financial markets of Asia are open for trading. It starts at 8 pm EST (1 am GMT) and ends at 4 am EST (9 am GMT). During this time, the markets of Japan, China, Australia, and other Asian countries are active, and traders can buy and sell currencies, stocks, and other financial assets.

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Why is the Asian Session Forex Significant?

The Asian session forex is significant for several reasons. Firstly, it is the first major trading session of the day, and it sets the tone for the rest of the day. Traders often look at the price movements and market trends during the Asian session to gauge the market sentiment and make trading decisions for the rest of the day.

Secondly, the Asian session forex is significant because it is the time when the Japanese yen is the most actively traded currency. Japan is the third-largest economy in the world, and the yen is the third most traded currency after the US dollar and the euro. Therefore, any price movements in the yen during the Asian session can have a significant impact on the global forex market.

Moreover, the Asian session forex is significant because it overlaps with the European session, which is the second most active trading session. The overlap period between the Asian and European sessions is from 2 am EST (7 am GMT) to 4 am EST (9 am GMT). During this time, the markets of London and Frankfurt are open, and traders can take advantage of the increased volatility and liquidity.

What are the Major Currency Pairs Traded During the Asian Session Forex?

The major currency pairs traded during the Asian session forex are the USD/JPY, AUD/USD, NZD/USD, and USD/CNY. The USD/JPY is the most actively traded currency pair during the Asian session, accounting for about 20% of the total forex market volume. The AUD/USD and NZD/USD are also popular currency pairs, as they are closely tied to the economies of Australia and New Zealand, which are major exporters of commodities such as gold and iron ore.

Moreover, the USD/CNY is becoming an increasingly popular currency pair, as China’s economy continues to grow and become more integrated into the global economy. The Chinese yuan is expected to become a major reserve currency in the coming years, and the USD/CNY is likely to become more actively traded during the Asian session.

Conclusion

The Asian session forex is one of the most important trading sessions in the forex market. It starts at 8 pm EST (1 am GMT) and ends at 4 am EST (9 am GMT), and it is significant because it sets the tone for the rest of the day, the yen is the most actively traded currency, and it overlaps with the European session. Traders can take advantage of the increased volatility and liquidity during the Asian session by trading the major currency pairs such as the USD/JPY, AUD/USD, NZD/USD, and USD/CNY.

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