Technical and Fundamental Analysis that even beginners can understand
Hello everyone.
This is my second day of posts today. For those who visited the blog and followed me on Twitter, I was reminded once again of GogoJungle’s amazing recognition and ability to attract audiences.
As I write for Invest Navi+, there are many people who write about technical analysis and fundamental analysis, so I would like to write something a little different.
The first post will be titled “Characteristics of Each FX Market,” and I will write about the features of the FX markets. There are three major markets in the world. Today I will start with the Tokyo market.
Why should we learn the characteristics of the market?
Because trading volume and market movements change by time zone, investors need to understand market trading hours. Make sure you understand the characteristics of each market well!
【Tokyo Market】
Currencies with high trading volume
USD/JPY, EUR/JPY,
GBP/JPY, AUD/JPY
Other Asian currencies
Tokyo market 9:00 – 16:00 (Japan time)
Features
Trading volume is the lowest among the major marketsyet it holds an important position in the Asian market.Tends to be relatively calm with narrow price rangesand a tendency to move when the Tokyo stock market starts, tends to correlate with the Nikkei stock average and Japanese bonds and futures.9:55 is the “Nakai” (mid-rate)— the time when Japan’s megabanks determine the reference rate for currency trading. From around 9:55, Japanese import and export companies convert dollars to yen or vice versa. In the market, the USD/JPY tends to rise around the Nakai time. (Recently, it hasn’t risen as much.)From 10:30 the China and Hong Kong markets also open. Australian dollar, which has a strong relationship with China, is very sensitive to this, so please be careful. Market participants include Japan, China, Hong Kong, Singapore, Korea, and Southeast Asian countries. In recent times, Singapore and Hong Kong market participants have increased, and trading cross-yen pairs like USD/JPY is common. After 11:00, market activity decreases and there is little movement. Also, there are almost no economic indicators. When you hold a position during periods of little movement, there is a higher chance of losing, so please be careful.
On Twitter, we share market-related topics, technical analysis, fundamental analysis, and the latest information, so please take a look
https://twitter.com/@FX0098042745641
We also have a free automated trading tool available, so please feel free to contact us
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