The USD/JPY pair is one of the most traded currency pairs in the Forex market. Nicknamed the ‘gopher’, this pair sees periods of high volatility and generally long stable periods. Now, this can mean little ‘action’ for South African traders for most of the year. But then, there are also phases of intense volatility. These sudden spikes and dips are usually triggered by some political event, as the pair is highly sensitive to global events.
The ‘Yen’ pair is the second-most traded currency pair on the Forex market. It’s a highly liquid pair, featuring two of the most important reserve currencies in the world (USD is the first and the Japanese Yen is the fourth). The pair also has low bid-ask spreads. It’s a great pair for beginners to trade in and is popular with more experienced traders as well. It’s no surprise then that the dollar/yen pair is popular with binary traders as well.
When is the best time to trade binary options in South Africa? Brokers will most often have the platform for trading open when the market of the asset is open. So if binary trading South Africa the NYSE, Nasdaq, DOW or S&P, the assets will be open to place a trade at the same time as the markets for those assets are open.
You can also ask when is the best time to trade USD/JPY, and between 12:00 and 15:00 you maximize the efficiency in your trading of the USD/JPY. This mentioned period of time will most often provide some of the best opportunities to start trading for some capital, as the increased volatility gives you more opportunities to place the trades.