What are the best times to trade USD/JPY in the cryptocurrency market?

3 answers

• Nov 27, 2021 · 3 years ago
  The best times to trade USD/JPY in the cryptocurrency market are typically during the overlap of the Asian and European trading sessions. This is when both the Tokyo and London markets are open, resulting in increased liquidity and trading volume for the USD/JPY pair. The hours between 8:00 AM and 12:00 PM GMT are generally considered to be the most active and volatile for this currency pair. Traders often find more opportunities for profitable trades during this time period. It's important to note that market conditions can vary, so it's recommended to monitor the market closely and adjust your trading strategy accordingly.
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• Nov 27, 2021 · 3 years ago
  If you're looking for the best times to trade USD/JPY in the cryptocurrency market, it's important to consider the economic calendar and major news releases. USD/JPY tends to be influenced by economic data from both the United States and Japan, such as GDP reports, interest rate decisions, and employment data. These events can cause significant volatility in the market and create trading opportunities. It's advisable to stay updated on the economic news and plan your trades accordingly to take advantage of potential price movements.
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• Nov 27, 2021 · 3 years ago
  Based on my experience at BYDFi, a cryptocurrency exchange, the best times to trade USD/JPY in the cryptocurrency market are during the Asian trading session, specifically when the Tokyo market is open. This is because the USD/JPY pair is heavily influenced by the Japanese yen and the trading activity in Japan. The hours between 12:00 AM and 4:00 AM GMT are often considered to be the most active for this currency pair. However, it's important to note that market conditions can change, so it's recommended to analyze the market and use technical indicators to confirm the optimal trading times for USD/JPY.
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