IntroductionWelcome back to our channel! In today’s video, we’ll explore the major currency pairs in the Forex market and their unique characteristics. Understanding these pairs can help you make informed trading decisions. Let’s dive in!What Are Major Currency Pairs?Major currency pairs are the most traded pairs in the Forex market, consisting of the most liquid and widely traded currencies. They involve the US dollar paired with other major currencies and are known for their high trading volumes, tight spreads, and strong liquidity.EUR/USD: Euro/US DollarThe EUR/USD pair is the most traded currency pair globally, representing the euro against the US dollar. It's known for its liquidity and tight spreads. The EUR/USD is heavily influenced by economic data from the Eurozone and the US, including GDP, employment figures, and central bank policies.USD/JPY: US Dollar/Japanese YenThe USD/JPY pair represents the US dollar against the Japanese yen. It is one of the most traded pairs due to the economic prominence of the US and Japan. The USD/JPY is known for its volatility and is often influenced by interest rate differentials between the Federal Reserve and the Bank of Japan, as well as global economic events.