2. The trading hours of Tokyo foreign exchange market are about 8: 00-1:00 and 12:30- 16:00 Beijing time. The trading varieties are relatively simple, mainly concentrated in USD/JPY and EUR/JPY. As a big exporter, Japan's import and export trade balance is relatively concentrated, and it is easily disturbed.
3. The trading hours of London foreign exchange market are from 17:00 to100 the next day. There are many kinds of currencies, often more than 30 kinds, of which the largest transaction volume is pound against dollar, followed by pound against euro, Swiss franc and Japanese yen. In the foreign exchange market in London, almost all major international banks have branches here. As the trading time is linked to the foreign exchange market in new york, the most active period of major currency fluctuations is from 2 1:00 to 1:00 the next day.
4. The trading hours of new york foreign exchange market are from 2 1:00 to 4:00 the next day. It is one of the important international foreign exchange markets, and its daily trading volume is second only to London. At present, more than 90% of US dollar transactions in the world are finally settled through the inter-bank clearing system in new york, so new york's foreign exchange market has become the international settlement center of US dollars. In addition to the US dollar, the trading currencies of major currencies are euro, pound, Swiss franc, Canadian dollar and Japanese yen.
foreign exchange market
1. The foreign exchange market refers to a trading place that engages in foreign exchange transactions internationally and regulates foreign exchange supply and demand. Its function is to trade monetary goods, that is, the currencies of different countries.
2. Due to international economic exchanges such as trade, investment and tourism, there is always a relationship between monetary income and expenditure. However, different countries have different monetary systems. If you want to pay abroad, you must first buy foreign currency in your own currency. On the other hand, foreign currency payment vouchers received from abroad must also be converted into local currency to circulate in China. In this way, the exchange of domestic currency and foreign currency has occurred. The exchange rate of two currencies is called exchange rate or exchange rate. Central banks in western countries and China are institutions that implement foreign exchange policies, influence foreign exchange rates and often buy and sell foreign exchange. All commercial banks, banks specializing in foreign exchange business, foreign exchange brokers, importers and exporters, as well as their foreign exchange market suppliers and demanders, are engaged in various cash and forward foreign exchange transactions. All these foreign exchange transactions constitute a country's foreign exchange market.