Forex Learning – Forex Trading In Tokyo Session and Average Range of Pips

Forex Learning – Forex Trading In Tokyo Session and Average Range of Pips

The opening of the Tokyo trading session at 12:00 GMT marks the start of the Asian session. Or if Indonesia time is 06.55 WIB as the beginning of market opening of NIKKEI index.

You should note that the Tokyo session is sometimes referred to as an Asian session because Tokyo is the financial capital of Asia. One thing to note is that Japan is the world’s third largest forex trading center.

This is not too surprising because the yen is the third most traded currency, taking part in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session.

Below is a table of Asian session session ranges from the major currency pairs.

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The value of this pip is calculated using the average past data. Note that this is NOT an Absolute Value and may vary depending on liquidity and other market conditions.

Which Pair Which Should Be Traded?

The Tokyo trading session moves when news from Australia, New Zealand and Japan comes out or is released. So this presents a great opportunity to trade with news.

Also, there is more movement in the yen pair as many yen change hands when Japanese companies do business.

Note that China is also a superpower economy, so every time China’s news is released, it tends to create a volatile movement.

Australia and Japan are heavily dependent on Chinese demand, we can see a bigger movement in AUD and JPY pairs when Chinese data are out.

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