Part II. Japan trading session Commander in Pips: When we talk about the “Japan” trading session, it does not mean that there are only Japanese trading forex during this time. This session is sometimes called the “Japan Session” or “Tokyo Session” instead of the "Asian Session" because, as we’ve already estimated, the Yen is the third most traded currency, and, as we’ve talked about in the previous chapter – Tokyo is the third largest trading center in the world. Statistic tells that about 1/5 of all daily transactions happen during Japan’s trading session. Also the Yen takes part in 16-17% of all forex transactions. Sometimes this trading session also called the “Asian Session” for two reasons. First, Tokyo and Japan is an economic center of Asia. Second, not only Japan trades during this time period. A huge volume of transactions comes from Singapore, Malaysia, Hong Kong, China and Australia – the Sidney trading session mostly overlaps with Tokyo’s one.