Best Forex Pairs to Trade During the Tokyo Session
Although the New York session and the London session are the main hours when most traders around the world make their investments, the Asian (Tokyo) trading session can give a more extensive range to trade with other currencies
The Tokyo or Asian trading session
The Tokyo trading session takes place between 9.00 JST (Japanese Standart Time) and 18.00 JST. For those who live in Europe, it would mean to be awake between 00:00 GMT to 9.00 GMT (Greenwich Mean Time) to be able to trade during the Tokyo session. For traders in the U.S., the hours would be between 19.00 ET to 4.00 ET (Eastern Time).
The Tokyo session is not as volatile nor liquid as the New York and London sessions because of their times, but many traders that may not have enough time during the day to participate in those sessions can take advantage of the night hours to make their trades. Those investors that also have a nocturnal habit can also benefit from the Tokyo session.
The Tokyo trades are easier to manage and give more support to the traders. Deals go slower and allow the investors not to react impulsively, reaching better options for profits.
Best Forex Pairs in the Tokyo session
During these hours, the best option is to make pairs with the Japanese Yen currency (JPY). Depending on the strategy that the trader wants to use, they will find more profit pairing with Australian dollars (AUD), New Zeland dollars (NZD), and Singapore dollars (SGD).
You can make useful combinations like JPY/USD, AUD/JPY, EUR/JPY, NZD/USD, NZD/JPY. These options are better for investors that are looking for high volatility in the Forex market during the Tokyo session. Those investors that prefer lower volatility can trade with EUR/USD, USD/CHF, and other combinations of countries’ currencies that are not on working hours in those moments.
A bold movement that traders can use to take advantage is once the London session starts. Trading with JPY/EUR, AUD/EUR, GBP/JPY on that hour gives excellent opportunities for the traders that prefer volatility in their transactions.
Most traders and investors like to make their transactions on the Forex market during their working hours. Depending on the countries they live in, they can get more advantage from the New York session or the London session, when most businesses are still open. However, the Tokyo session offers vast opportunities for traders that don’t have enough time during the day, allowing them to make trades and profit through the Forex Market.
It also allows for different combinations in pairs that may give more profit in those hours than in the New York or London session times.