Actually, there is a market for Forex all weekend, we do not see that as we are using retail brokers. If you want a trade, there will be a market maker somewhere who will take the trade, however, due to the illiquidity on weekends you will pay a hefty premium spread. The forex trading in the spot market always has been the largest market because it is the 'underlying' real asset that the forwards and futures markets are based on.

This shouldn’t be too surprising since the yen is the third most traded currency, partaking in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session.

Below is a table of the Asian session pip ranges of the major currency pairs. Pair Tokyo EUR/USD 56 GBP/USD 54 USD/JPY 30 AUD/USD 65 NZD/USD 58 USD/CAD 39 USD/CHF 40 EUR/JPY 57 GBP/JPY 72 AUD/JPY 65 EUR/GBP 23 EUR/CHF – These pip values were calculated using averages of past data. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions.

Saxo Bank’s strategy team provide expert analysis of forex trends with a focus on macro fundamentals, technical analysis, geopolitical factors, and central bank activity. News analysis forex market.

Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1. Binary options and forex. 2000 during the period. Here some key characteristics that you should know about the Tokyo session: • Action isn’t only limited to Japanese shores. Tons of forex transactions are made in other financial hot spots like Hong Kong, Singapore, and Sydney. • The main market participants during the Tokyo session are commercial companies (exporters) and central banks. Remember, Japan’s economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis. • can sometimes be very thin. There will be times when trading during this period will be like fishing – you might have to wait a long, long time before getting a nibble.