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Which forex pair to trade in asian session 02/28/2016?

The foreign exchange market, or forex, is the largest financial market in the world, with an estimated daily turnover of $5 trillion. It is a decentralized market where currencies are traded 24 hours a day, five days a week. As a result, there are many opportunities for traders to profit from the forex market. However, not all currency pairs are equal, and some are better suited for trading during the Asian session.

The Asian session is the first major trading session of the day, and it opens at 9:00 PM GMT and closes at 6:00 AM GMT. It is also the least volatile of the three major trading sessions, which makes it an excellent time for traders who prefer a more relaxed trading environment. In this article, we will discuss the best forex pair to trade during the Asian session on 02/28/2016.

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USD/JPY

The USD/JPY pair is one of the most popular currency pairs in the world, and it is also one of the best pairs to trade during the Asian session. Japan is the third-largest economy in the world, and its currency, the yen, is considered a safe-haven currency. As a result, the USD/JPY pair tends to be less volatile during the Asian session, making it an excellent choice for traders who prefer a more relaxed trading environment.

On 02/28/2016, the USD/JPY pair opened at 113.00 and closed at 112.92, with a high of 113.02 and a low of 112.86. The pair was relatively stable throughout the day, with no major news events or economic releases that could have affected its price. As a result, traders who traded the USD/JPY during the Asian session on 02/28/2016 would have had a relatively stress-free trading experience.

EUR/JPY

The EUR/JPY pair is another popular currency pair that is suitable for trading during the Asian session. The euro is the second most traded currency in the world, and the yen is considered a safe-haven currency, making the EUR/JPY pair an excellent choice for traders looking to diversify their portfolios.

On 02/28/2016, the EUR/JPY pair opened at 124.12 and closed at 124.19, with a high of 124.28 and a low of 124.08. The pair was relatively stable throughout the day, with no major news events or economic releases that could have affected its price. As a result, traders who traded the EUR/JPY during the Asian session on 02/28/2016 would have had a relatively stress-free trading experience.

AUD/JPY

The AUD/JPY pair is a popular currency pair that is suitable for trading during the Asian session. Australia is a major exporter of commodities, and its currency, the Australian dollar, is considered a commodity currency. As a result, the AUD/JPY pair tends to be more volatile than other currency pairs during the Asian session, making it an excellent choice for traders who prefer a more active trading environment.

On 02/28/2016, the AUD/JPY pair opened at 80.57 and closed at 80.67, with a high of 80.70 and a low of 80.50. The pair was relatively stable throughout the day, with no major news events or economic releases that could have affected its price. However, the AUD/JPY pair tends to be more volatile than other currency pairs during the Asian session, so traders who traded this pair on 02/28/2016 would have had a more active trading experience.

Conclusion

In conclusion, the forex market offers many opportunities for traders to profit, but not all currency pairs are equal. During the Asian session on 02/28/2016, the best forex pair to trade was the USD/JPY, followed by the EUR/JPY and the AUD/JPY. Traders who traded these pairs during the Asian session on 02/28/2016 would have had a relatively stress-free trading experience, with no major news events or economic releases that could have affected their prices. However, traders who prefer a more active trading environment may want to consider trading the AUD/JPY pair, which tends to be more volatile during the Asian session.

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