The Japanese yen, also known as JPY, is one of the most traded currencies in the world. It is widely used in international trade and is considered a safe haven currency. As a result, many traders and investors are interested in knowing when JPY forex closes on Friday.
Forex trading is a 24-hour market, which means that it is open for trading all day and all night from Sunday to Friday. However, there are certain times when the market is more active and there is higher volatility. These times are known as trading sessions and they vary depending on the time zone.
The JPY forex market is part of the Asian trading session, which is the first trading session of the day. It starts at 12:00 AM GMT on Monday and ends at 9:00 AM GMT on Friday. This means that the JPY forex market is open for trading for 24 hours a day from Monday to Friday.
However, the JPY forex market is not equally active during all hours of the day. There are certain times when there is higher trading activity and higher volatility. These times are known as trading hours.
The JPY forex market is most active during the Asian trading session, which is from 12:00 AM GMT to 9:00 AM GMT. During this time, there is higher trading activity and higher volatility, which means that there are more opportunities for traders to make profits. This is because the Asian trading session overlaps with the European trading session, which is the second busiest trading session of the day.
The JPY forex market is also active during the European trading session, which is from 7:00 AM GMT to 4:00 PM GMT. During this time, there is still some overlap with the Asian trading session, which means that there is still some trading activity in the JPY forex market.
The JPY forex market is less active during the North American trading session, which is from 12:00 PM GMT to 9:00 PM GMT. This is because there is no overlap with the Asian trading session, which means that there is less trading activity in the JPY forex market.
In terms of when JPY forex closes on Friday, the JPY forex market closes at 9:00 AM GMT on Friday. This means that the JPY forex market is open for trading for 24 hours on Friday, just like any other day of the week.
However, it is important to note that there is usually less trading activity in the JPY forex market on Friday than on other days of the week. This is because many traders and investors close their positions before the weekend, which can lead to lower trading activity and lower volatility.
In conclusion, the JPY forex market is open for trading for 24 hours a day from Monday to Friday. The market is most active during the Asian trading session and less active during the North American trading session. The JPY forex market closes at 9:00 AM GMT on Friday, but there is usually less trading activity on Friday than on other days of the week.
