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Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Just because the forex market is open 24-hours a day, doesn’t mean every one of those hours is worth trading. Due to global time zone differences, during the week there is always a market open for business somewhere. On Sunday night the Asian and Australian markets open first, facilitating trade, then Europe opens, then North America, so there are always traders, banks or business willing to trade around the clock. Not all global markets actively trade all forex pairs or currencies, though. Therefore, different forex pairs are actively traded at different times of the day.
JPY is a bit of an odd pair in this regard. The yen is an actively traded currency, and so is the USD, so this pair typically sees relatively stable action throughout the day with a few peaks and troughs in volatility. Session times are shown on the attached chart, in GMT. Note that there is a shift due to day light savings time. When day light savings times rolls around, if you are uncertain about when markets open and close, quickly check the above forex market hours tool for confirmation.
JPY Market Hours Where Volatility Is Lowest. JPY moves each hour of the day. Movement is relatively stable through much of the day, although there are periods with noticeable drops in volatility. Avoid day trading during those low-volatility times. JPY is sedate between 2100 and the Tokyo open at 2400, not ideal for day trading. As Tokyo winds down, and before London opens, the pair sees another drop in volatility between 0300 and 0500.
Day light savings may also affect these times in your area. For example, daily average volatility at the time of writing is 129 pips per day. Daily average movement could decrease back to 70 pip per day, which means each hour is likely to see lower pip movement. Which hours are most volatile typically do not change, though. If the ATR is set to 15, the ATR will show the average daily volatility over the last 15 days.
JPY, but there is also a window of time which is ideal. JPY between 1200 and 1500 GMT. London and New York are both open for the bulk of this period. The time frame above typically sees the most action, but there may be other times that produce good sized moves for weeks or months at a time.
Regularly check volatility statistics on Mafaf to see what times of day are most active. JPY is actively traded around the clock, there may be some other times you can take advantage. JPY, ideally do it between 1200 and 1500 GMT. Trading during this time maximizes profit potential due to the size of the moves, and spreads are typically lower during this time as well. If you regularly monitor intraday volatility, you may find that there are other times during the day which are very active for extended periods, and you may opt to day trade during these times. Take a Look at Pros and Cons of Stocks vs.