Tokyo Session

The Tokyo session is the Asian part of the Forex trading day, opened by the Tokyo exchange (roughly 00:00–09:00 CET / 23:00–08:00 GMT). Yen pairs (USD/JPY, EUR/JPY) and the Australian dollar are most active, and the market reacts strongly to Japanese and Chinese data. Liquidity and volatility are usually lower than in the London or New York sessions.