What is the best time to trade USD/JPY on cryptocurrency exchanges?

3 answers

• Dec 25, 2021 · 3 years ago
  The best time to trade USD/JPY on cryptocurrency exchanges is during the overlap of the Asian and American trading sessions. This is when both Tokyo and New York markets are open, leading to increased liquidity and higher trading volume. The most active hours are typically between 12:00 AM and 6:00 AM UTC. However, it's important to note that market conditions can vary, and it's always recommended to monitor the market and adjust your trading strategy accordingly.
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• Dec 25, 2021 · 3 years ago
  If you're looking for a more specific time frame, consider trading USD/JPY during the Tokyo session, which starts at 12:00 AM UTC and lasts until 9:00 AM UTC. This is when the Japanese market is most active and can provide opportunities for traders. Additionally, pay attention to economic news releases from both the United States and Japan, as they can significantly impact the USD/JPY exchange rate and create volatility in the market.
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• Dec 25, 2021 · 3 years ago
  According to a study conducted by BYDFi, the best time to trade USD/JPY on cryptocurrency exchanges is during the early hours of the Asian trading session. This is when the market is most active and the trading volume is highest. Traders can take advantage of the increased liquidity and potentially find better trading opportunities. However, it's important to note that market conditions can change, and it's always recommended to stay updated with the latest market news and trends.
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