How do Currency Markets Interact? Evidence from the Yen-Dollar Exchange Rates in Tokyo, London, and New York

TY - JOUR

T1 - How do Currency Markets Interact? Evidence from the Yen-Dollar Exchange Rates in Tokyo, London, and New York

AU - Chiou, Ingyu

AU - Wagner, James Jordan

AU - Yu, Hai-Chin

N1 - Downloadable! This paper studies how one currency market affects another currency market in a different time zone, using various contracts of the opening and closing yen-dollar exchange rates traded in Tokyo, London, and New York. We find strong and consistent evidence that the three major currency markets interact significantly.

PY - 2005/1/1

Y1 - 2005/1/1

UR - https://ideas.repec.org/p/wpa/wuwpfi/0512024.html

M3 - Article

JO - The Finance

JF - The Finance

ER -