Tokyo Open/Close Time

[BF1]

Hi

Could someone please advise the offical open/close times for the Tokyo FX market?

Thanks

 

[noises49]

No such thing. However, many JPY reports are released at 2350 Z.

 

[ampro]

this might offer some assistance:

 

[BF1]

Surely there must be some designated time for open/close? What time are Open/Close on bar charts etc. based on?

I presume Z is Zulu time?

No such thing. However, many JPY reports are released at 2350 Z.

 

[BF1]

Thanks for the map

this might offer some assistance:

 

[noises49]

"Official" open and close!? I repeat. No such thing. This ain't the stock exchange. Forex is 24/7 starting Sunday and ending Friday. What time do Japanese traders get out of bed and get to the office? That's as close as you're going to get.

Z = Zulu = GMT

 

[BF1]

Part of my question relates to the time of day that Open and Close figures are based on, for the formation of bar/candle charts. I fully understand the 24hr designation of Forex but to provide information such as OHLC what time of day, for the purpose of bar/candle charts, is deemed to be the Open and Close. Maybe its Midnight to Midnight, I don`t know, hence the query.

And thanks for pointing it out, but I do know the difference between FX and the Stock Exchange

"Official" open and close!? I repeat. No such thing. This ain't the stock exchange. Forex is 24/7 starting Sunday and ending Friday. What time do Japanese traders get out of bed and get to the office? That's as close as you're going to get.

Z = Zulu = GMT

 

[noises49]

Ok - All of the charts I'm familiar with use 2200 London as the start of the new trading day. Open/Close/High/Low stats for the day are calculated at that time, interest is updated if you're holding open positions and a new bar is started on the daily chart. That being said, if you're interested and awake for the Asian session, 0900 Tokyo is where the action is.

 

[BF1]

Thats great.

Thanks Noises49

Ok - All of the charts I'm familiar with use 2200 London as the start of the new trading day. Open/Close/High/Low stats for the day are calculated at that time, interest is updated if you're holding open positions and a new bar is started on the daily chart. That being said, if you're interested and awake for the Asian session, 0900 Tokyo is where the action is.