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The Forex Trader's Guide To: Tokyo

Posted by BluFX

 

Forex Traders Guide to Tokyo

Tokyo is the largest metropolitan area in Japan and one of the world's largest financial centers. It's also one of the most exciting cities in Japan. The city has everything you would expect from a global city, like high-tech companies, luxury goods, luxury hotels, and top-notch restaurants. This is part of our Forex Trader City Guide - next stop: let's take a tour of Tokyo!

See Forex Trader Salaries Across the Globe ⟶


The Forex Trader's City Guide: Tokyo

What is Tokyo like for forex trading?

Tokyo is a great place to trade forex. It is a very large, densely populated city that is one of the largest financial centers in the world. 

The strong Yen has made Tokyo one of the best places to trade forex because it offers great opportunities for both short-term and long-term traders. Tokyo has long been known as one of the most important financial centers in the world. The city is home to two major financial institutions: The Tokyo Stock Exchange and the Tokyo Interbank Offered Rate (TIBOR).

Tokyo's reputation for forex trading dates back to the 1980s when Yen became a strong currency. The Japanese government capitalized on this strength by encouraging banks and other financial institutions to invest in foreign currencies. This led to a boom in forex trading in Japan throughout the 1980s and 1990s.

In recent years, however, there have been changes in how Japanese banks view their role in global finance. Japanese banks have begun diversifying their client base away from traditional foreign exchange transactions. This shift has led them to become more active participants in global markets.

Want to know how much traders make in Tokyo? We did some investigating. Take a look at forex trader salaries across the globe here>>

What is the major currency for forex here?

The currency of Japan is the Japanese Yen (JPY). The major currency pairs for trading in Tokyo are the USD/JPY and EUR/JPY. This is because these two pairs are close to parity, so they offer good opportunities for hedging against the US dollar and Euro.

USD/JPY is a popular pair to trade because it's an important benchmark used by many institutions that trade with forex. It also has a solid reputation as one of the world's most liquid currencies, making it easy to buy and sell. In addition, many small financial institutions in Tokyo use this pair as their main currency when trading futures or options on foreign currencies.

The EUR/JPY is another popular pairing because it's a large volume currency pair used by many institutions that trade with forex. It's a good choice for hedging against the euro because it's often more expensive than other currencies like the US dollar or British pound sterling (GBP).

JPY is one of the best currencies to trade. Here are 5 of the Best Currencies to Trade - and Here's Why>>

Where are three of the best places to trade while traveling in Tokyo?

Here are three of the best places to trade while visiting this bustling metropolis.

We Work

WeWork is one of the most popular co-working spaces in the world. It has around 270 locations across 70+ countries, growing at more than 50% per year. There's one in Tokyo, one of the best places to trade while traveling in the city. It's a great place to work as you can use their free coffee, tea, and snacks, their free wi-fi, access to printing, photocopying, and even business phone calls. And if you need some inspiration for your next project or meeting with clients, they have lots of startups, too. 

The Hive Jinnan

The Hive Jinnan is one of Tokyo's most popular co-working spaces and arguably one of its most famous. It has over 1 million square feet spread across three floors and offers access to everything from food options to showers. The space has been around since 2013, so this location has some history. We think it would make an excellent place for any trader looking for a place to work while in Tokyo. Plenty of desks are available, and many plug points can help your setup!

Ginza Hub

Ginza Hub is another popular co-working space in Tokyo, which offers similar facilities as The Hive Jinnan but at a slightly lower price point. It's located on the first floor of the Mitsui Fudosan Building near Ginza Station - just two minutes’ walk away from major subway stations. That makes it easy to get around town if you need to head somewhere else or meet someone else while working there. The facility also provides access to free wi-fi throughout the building so you can stay connected while working here.

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Where should I visit for forex trading inspiration?

If you are looking for the next best thing to an authentic Japanese experience, then Tokyo is a great place to visit. Tokyo's modern infrastructure and high-speed trains make it an easy city to explore, but it is also full of history and tradition. While you are in town, don't forget to check out some of these top places for forex trading inspiration:

  • Tokyo Stock Exchange (TSE)

The Tokyo Stock Exchange is one of the most famous places to visit in Japan. It is located in the heart of the business district and has a beautiful dome-shaped building with a magnificent view over Tokyo City. The TSE was founded in 1874, making it the second oldest stock exchange after London's Bourse. It is now one of the largest stock exchanges in the world, with 746 companies listed on its books at the time of writing this article.

  • The Tokyo Tower

The Tokyo Tower is a communications and observation tower in Sumida, Tokyo, Japan. It is the tallest structure in Tokyo and the world's tallest structure that is not a skyscraper. At 324 meters (1,053 ft), its height surpasses any other man-made structure in Japan and many western countries. The tower was originally built for the 1964 Summer Olympics but has remained an important landmark.

  • Ginza & Nakameguro

The Ginza area of Tokyo is known as one of the most expensive shopping districts in the world and offers visitors a wide range of goods at very high prices. The Ginza also houses many upscale restaurants and shops, including famous ones like Matsunoya and Isetan department stores, Tokyu Hands, and Muji, among others.

Looking for more inspiration? Here are the best places to travel and trade>>

When is the Tokyo forex trading session?

The Tokyo forex trading session runs from 09:00 to 18:00 JST (Japan Standard Time). This is one of the world's most active currency trading markets, with a total turnover of over 1 trillion US dollars per day. This makes it one of the top five currency exchanges in the world.

What’s the average profit in forex trading?>>

What are some good forex trading jobs in Tokyo?

If you're a forex trader, Tokyo is the place to be. The city has a huge number of banks offering training programs and internships to help you get started in the industry, as well as some of the highest salaries in the world for this career path. The Bank of Tokyo Corporation is one of the largest banks in Japan and offers training programs for new employees.

You can also take advantage of their internship program or learn more about their career opportunities by visiting their website or contacting them directly. JP. Morgan Chase is another bank that offers training programs and internships to its employees. You can contact them via email or LinkedIn to learn more about your opportunities.

The average salary for a forex trader in Tokyo is around $100k per year, but this figure varies depending on your experience level and the bank you work for. For example: if you work at one of the larger banks like Mizuho or Sumitomo Mitsui Financial Group (SMFG), your salary may be around $120k per year; if you work at smaller banks like Nomura Holdings Incorporated (NHI) or Dai-ichi Life Insurance Incorporated (DLI), your salary will be closer to $90k per year. Here are some of the best careers for forex traders in Tokyo:

Forex Trader

The first job that you can consider is that of a forex trader. This is one of the most popular jobs in Tokyo because it allows people to make money from day one. You need to know well how stocks work and how they affect each other. It would help if you also knew how currencies work and their trading patterns. Forex trading is an area with room for improvement, so you can always aim higher with your career and make more money in the process.

Forex Brokerage Analyst

A good forex brokerage analyst will be one of the most in-demand positions for foreign currency traders. They will analyze and monitor every aspect of a company's foreign exchange operations. They also develop strategies and act as advisors to their clients on how to improve profitability.

Banker

A banker manages money, either personally or through their company, and often makes deposits, withdrawals, and transfers between clients. A bank will typically have many currencies on its books, so it makes sense that someone would want to work there. The average salary is $60K per year, although some bankers make more than $100K per year, depending on their experience and seniority within the bank.

Consultant

A consultant is one of the most common careers for a foreign exchange trader. The job involves acting as an advisor or mentor to other traders and helping them develop their skills in the market. There are many different types of consultants, including those who work with individual traders or those who work with businesses and institutions.

Hedge Fund Manager

A hedge fund manager is one of the most successful finance careers today. They have access to huge amounts of capital, making very high returns on investment decisions. Hedge funds are extremely competitive industries, so they are always hiring new people with strong analytical skills who can contribute value to their business.

Read: How to Trade Profitably On a BluFX Account ⟶

Tags: Forex Trader's City Guide

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