Japan is one of the most important players in the global forex market. As such, knowing when the Japanese forex market opens is crucial for those looking to trade the yen or other Japanese-related currency pairs. In this article, we will explore when the Japanese forex market opens in Eastern Standard Time (EST).
The Japanese forex market is the third-largest forex market globally, after the US and the UK. It is also the largest forex market in the Asian-Pacific region. The market is known for its high liquidity, tight spreads, and low volatility. It is open 24 hours a day, five days a week, and closes on weekends and public holidays.
The Japanese forex market opens at 7:00 PM EST on Sunday and closes at 4:00 AM EST on Friday. This opening time is due to the time difference between Japan and the US. Japan is 13 hours ahead of EST, which means that when it is 8:00 AM on Monday in Tokyo, it is 7:00 PM on Sunday in New York.
The Japanese forex market is divided into three trading sessions: the Asian, European, and US sessions. The Asian session is the most active session for the Japanese forex market, as it overlaps with the opening of the Australian, New Zealand, and Asian forex markets. During this session, traders can expect high liquidity and volatility.
The European session also overlaps with the Japanese forex market, but it is less active than the Asian session. This session starts at 2:00 AM EST and ends at 11:00 AM EST. During this session, the market is influenced by the opening of the European forex markets, such as the London forex market.
The US session is the least active session for the Japanese forex market. It starts at 8:00 AM EST and ends at 4:00 PM EST. During this session, the market is influenced by the opening of the US forex market, such as the New York forex market.
It is important to note that the Japanese forex market is closed on Japanese public holidays, such as the New Year’s Day, Coming of Age Day, National Foundation Day, Vernal Equinox Day, Showa Day, Constitution Memorial Day, Greenery Day, Children’s Day, Marine Day, Mountain Day, Respect for the Aged Day, Autumnal Equinox Day, Health and Sports Day, Culture Day, Labor Thanksgiving Day, and the Emperor’s Birthday.
In conclusion, the Japanese forex market opens at 7:00 PM EST on Sunday and closes at 4:00 AM EST on Friday. Traders can expect high liquidity and volatility during the Asian session, while the European and US sessions are less active. Knowing when the Japanese forex market opens and closes is crucial for those looking to trade the yen or other Japanese-related currency pairs. It is also important to take note of Japanese public holidays, as the market is closed on these days.
