The Asian Forex market, also known as the Tokyo, Singapore, and Hong Kong Forex market, is one of the most active and important Forex markets in the world. It operates 24 hours a day, except on weekends, and it is the first Forex market to open each week. However, like all Forex markets, the Asian Forex market also closes at specific times, which can impact traders’ strategies and decisions. In this article, we will explain when the Asian Forex market closes and why it matters.
The Asian Forex market opens at 6:00 PM EST on Sunday and closes at 4:00 AM EST on Friday. This means that traders have access to the market for 24 hours a day, from Sunday evening to Friday morning, excluding holidays. However, it is important to note that the Asian Forex market is not a single entity, but rather a collection of different markets that operate independently of each other, with different opening and closing times.
The Tokyo Forex market is the first to open in the Asian session, at 7:00 PM EST on Sunday. This is followed by the Singapore Forex market, which opens at 9:00 PM EST, and the Hong Kong Forex market, which opens at 10:00 PM EST. These markets are the most active during the Asian session, and they account for a significant portion of the daily Forex volume.
The Asian Forex market is known for its volatility, especially during the Tokyo session. This is because the Tokyo session overlaps with the European session, which is the most active session in terms of trading volume. During this overlap, traders from both regions are active in the Forex market, creating a lot of liquidity and volatility. However, as the Tokyo session comes to a close, the volume and volatility tend to decrease, making it a less attractive session for some traders.
The closing times of the Asian Forex market can impact traders’ strategies in different ways. For example, traders who prefer to trade during the Asian session may need to adjust their trading hours or switch to other markets when the Asian session ends. Traders who have open positions in the Asian market may also need to consider the closing times when managing their trades, as the market may experience increased volatility or gaps when it reopens.
Additionally, the closing times of the Asian Forex market can impact other markets, such as the European and US markets. This is because the Asian market is a major source of liquidity for these markets, especially during the overlap with the Tokyo session. When the Asian session ends, the liquidity and volatility in these markets may decrease, which can have a ripple effect on other markets.
In conclusion, the Asian Forex market closes at 4:00 AM EST on Friday, after operating for 24 hours a day, excluding weekends and holidays. The closing times of the Asian market can impact traders’ strategies and decisions, as well as other markets that rely on the liquidity and volatility of the Asian market. Therefore, it is important for traders to be aware of the closing times and adjust their trading accordingly.
