Milton Markets
TOKYO

TOKYO Trading

Tokyo trading session - Asian market focus with JPY pairs activity.

The Tokyo forex session runs from 9:00 to 18:00 Japan Standard Time (JST), corresponding to 00:00–09:00 UTC. As the center of Asian markets, this session sees active trading in JPY pairs like USD/JPY, AUD/JPY, and NZD/JPY. Liquidity is highest near the open and during overlap periods with the London session. Japanese economic data releases and Bank of Japan policy decisions often drive significant volatility during this session. Traders focused on yen pairs and Asian currencies find optimal conditions during Tokyo hours, with spreads typically tightening on major JPY pairs.

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Frequently Asked Questions

What time does the Tokyo forex session open in JST and UTC?

The Tokyo forex session typically runs from 9:00 to 18:00 JST (00:00–09:00 UTC). Liquidity is highest near the open and during the overlap with London.

Which currency pairs move most during Tokyo session?

JPY pairs are most active during Tokyo session, particularly USD/JPY, AUD/JPY, and NZD/JPY. EUR/JPY and GBP/JPY also see increased activity, especially during overlap with London session.

How does overlap with London affect spreads during Tokyo session?

The overlap period between Tokyo and London sessions (typically 15:00–18:00 JST) sees increased liquidity and tighter spreads, especially on EUR/JPY and GBP/JPY. This is one of the most liquid periods of the trading day.

What economic events typically impact Tokyo session trading?

Japanese economic data releases such as GDP, inflation (CPI), and employment figures, as well as Bank of Japan monetary policy decisions and press conferences, can cause significant volatility during Tokyo session.

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About TOKYO

Tokyo trading session - Asian market focus with JPY pairs activity.

The Tokyo trading session runs from 9:00 AM to 6:00 PM Japan Standard Time (JST). As the center of Asian markets, it sees active trading in JPY pairs like USD/JPY, AUD/JPY, and NZD/JPY. Overlap periods with the London session increase liquidity and volatility, especially during major news events.