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Best time to trade USD/JPY

Which hours move the dollar against the yen, the one major pair that moves in Tokyo too, measured over the last 60 trading days, with the London and New York killzones marked.

Education only — computed from a broker MT5 demo feed; not investment advice. We publish statistics worked out from the feed, not its candles.

Busiest 3 hours (average range)–
Average day range–
Busiest weekday–
Trading days in the average–
London Killzone New York AM Killzone busiest 3 hours ·
Hour (UTC)Average rangeOf the busiest hourNote
Weekday (UTC day)Average day range

All markets · USD/JPY in any time zone

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Why USD/JPY moves when it does

Unlike the European pairs, USD/JPY has a real Tokyo session: Japanese data and the Tokyo fix (09:55 Tokyo time) can move it in the Asian hours. Its largest ranges still tend to come in the New York AM Killzone, when US data and US yields move. The range is in pips of 0.01 yen.

The averages describe the past, not tomorrow: news can move a quiet hour, so check the economic calendar. Size the trade with the lot size calculator, watch the sessions and ICT killzones clock, and practise in the free Chart Challenge game.

Questions

What is the best time to trade USD/JPY?

The New York AM Killzone (12:00–15:00 UTC in January) is usually the busiest; unlike EUR/USD, the Tokyo morning can also bring moves.

What is a pip on USD/JPY?

0.01 yen. A move from 150.00 to 150.50 is 50 pips.

Where do these numbers come from?

From ICC Charts' own MT5 demo feed: the average high-low range of each hour, worked out once a week over the last 60 trading days. We publish only these averages, not the candles. Education only, not investment advice.

Will the busiest hours stay the same?

Usually close, but not always: news, holidays and the clock changes in the US and UK move them. The page is updated every week, so check it again before you plan.

Practise and trade with a plan

See fair value gaps, order blocks and liquidity drawn for you on live charts in ICC Charts, or train your eye in the free Chart Challenge game.

Open ICC Charts free → Play the chart game

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