What are the best digital currency pairs to trade during the Tokyo session?

3 answers

• May 07, 2022 · 3 years ago
  The best digital currency pairs to trade during the Tokyo session are typically the ones involving the Japanese yen (JPY). This is because the Tokyo session is the most active trading session in the Asian market, and the Japanese yen is the local currency. The most popular currency pairs during this session include USD/JPY, EUR/JPY, and GBP/JPY. These pairs offer high liquidity and volatility, making them attractive to traders who are looking for opportunities to profit from price movements.
  496

  248
• May 07, 2022 · 3 years ago
  When it comes to trading digital currencies during the Tokyo session, it's important to consider the market sentiment and economic news releases that may impact the Japanese yen. Factors such as the Bank of Japan's monetary policy decisions, economic indicators, and geopolitical events can all influence the volatility of the currency pairs involving the Japanese yen. Traders should stay updated with the latest news and analysis to make informed trading decisions.
  467

  156
• May 07, 2022 · 3 years ago
  During the Tokyo session, the digital currency pairs that tend to have the highest liquidity and volatility are often the ones that involve Bitcoin (BTC) and Ethereum (ETH). These pairs, such as BTC/JPY and ETH/JPY, attract a significant amount of trading volume due to the popularity of Bitcoin and Ethereum in the Japanese market. Traders who are interested in trading these digital currencies during the Tokyo session may consider using BYDFi, a popular digital currency exchange known for its user-friendly interface and competitive trading fees.
  550

  138