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Forex Trading Sessions Overview

The foreign exchange (forex) market operates 24 hours a day, 5 days a week across major financial centers worldwide. Below are the typical active trading hours for each region, shown in both local time and Japan Standard Time (JST):

Tokyo (Asia): 9:00 AM – 6:00 PM JST

Sydney (Australia): 7:00 AM – 4:00 PM AEST / 6:00 AM – 3:00 PM JST

London (Europe): 8:00 AM – 5:00 PM GMT / 5:00 PM – 2:00 AM JST

New York (US): 8:00 AM – 5:00 PM EST / 10:00 PM – 7:00 AM JST

The forex (foreign exchange) market is a global, decentralized market for trading currencies. It operates 24 hours a day, five days a week, with trading activity following the sun around the world's major financial centers.

The forex market operates through a network of financial centers across different time zones. The major trading sessions are:

Tokyo Session: 12:00 AM to 9:00 AM GMT (9:00 AM to 6:00 PM JST)

London Session: 7:00 AM to 4:00 PM GMT

New York Session: 12:00 PM to 9:00 PM GMT (7:00 AM to 4:00 PM EST)

Over-the-Counter (OTC) Market: Major banks and retail brokers facilitate direct trading.

Electronic Communication Networks (ECNs): Currenex, FXall enable institutional liquidity.

Interbank Market: Large-volume transactions between major financial institutions.

Spot Market: Immediate currency exchange at current prices.

Forward/Futures: Contracts to exchange currency at future dates and rates.

Options & CFDs: Derivatives for speculative or hedging purposes.

Central Banks, Commercial Banks, Hedge Funds, Corporations, and Retail Traders all interact in the market with different motivations ranging from speculation to hedging to monetary policy.

Economic Indicators, Interest Rates, Political Events, Market Sentiment, and Global News significantly influence currency fluctuations.

Trades can be executed via market, limit, and stop orders. Institutions may use algorithmic systems for large-volume transactions.

Forex is regulated globally: Japan (FSA), US (CFTC/NFA), EU (ESMA). Regulations aim to ensure fairness and transparency.

Forex Trading Hours

Monday Opening:
The Forex market opens with the Sydney session on Monday morning (Sunday evening in UTC time).

Friday Closing:
The market closes with the New York session on Friday afternoon (evening in UTC time).

Weekend Break

Closing:
The Forex market generally closes for the weekend after the New York session on Friday.

Opening:
It reopens with the Sydney session on Monday morning (Sunday evening in UTC time).

Impact on Currency Pairs like USD/JPY

During weekdays: Currency pairs like USD/JPY are actively traded as these major financial centers open and close.
However, trading volumes and liquidity can vary depending on the time of day and the active sessions.

On weekends: Trading is paused, and the market can be more volatile at the opening due to the accumulation of news and events over the weekend.

In summary, these four major financial centers help maintain the continuous operation of the Forex market during weekdays, ensuring that currency pairs like USD/JPY can be traded almost around the clock, except during weekends when the market is closed.

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