One of the best currency pairs to trade in the forex markets is the USD/JPY. The Japanese Yen is considered to be a safe haven currency because its value rises during times of market turmoil. It has been regarded as a safe haven currency since the financial crisis that took place in 2008. Traders, both experienced and new, for high liquidity and its low-ask spreads in the market, favor it. 

Kavan Choksi Japan-The peak time should be aimed at trading in the forex market 

Kavan Choksi Japan is an esteemed investor, wealth consultant, and business management expert with valuable knowledge in finance and economics. When it comes to trading the forex market, he states that one should be aware of economic data and global news as they affect trading in the forex markets. For instance, the recent far right-wing coalition victory win in Italy impacts not only the nation but the economy of Europe and the globe as well when it comes to the forex market. 

When it comes to trading the USD/JPY in the forex market, you should target the time when the activity in the market is at its peak. This is the best trading window for you to track lucrative price movements. It would help if you remembered that though the trading market is available 24 hours a day, diligent and intelligent traders are perfect when it comes to timings their trades to generate high profits during a peak trading window. 

Points to remember for the best trade of the USD/JPY currency 

The first thing you should remember is there are time periods during the day time that you should avoid unless the factors in the market need an immediate reaction from a trader. It is ideal for preventing trading between 3 pm and 5 pm GMT when the market in Tokyo is nearly close for the day, and both the markets in New York and London have yet to open. 

He recommends there is another quiet period for you to avoid when the market in New York has just closed, and this is 9 pm to 11 pm GMT. Again here, London is not awake, and the market in Tokyo has yet to open. Traders should note that a quiet market hardly offers you good prospects in trading. Even if you have been fortunate enough to earn a profit, most of the returns will be paid off as commissions. 

Pick the ideal time for the USD/JPY pair

Kavan Choksi Japan recommends the ideal window for the currency pair trading of the USD/JPY is 12:00 to 15: 00 when the activity in the market is at its peak. Both the London and New York markets overlap during this time, and the trade activity tends to be at a high level even though the market in Tokyo has not opened for the day. He sums up by saying that this pairing has played a crucial role in trading throughout the markets in Asia, and the Yen is generally purchased or sold as a substitute for the other most unpredictable currencies across the globe.