Exchange rate rebounds after foreign exchange market interventions

Takeshi Hoshikawa

Physica A: Statistical Mechanics and its Applications, 2017, vol. 469, issue C, 102-110

Abstract: This study examined the rebounds in the exchange rate after foreign exchange intervention. When intervention is strongly effective, the exchange rate rebounds at next day. The effect of intervention is reduced slightly by the rebound after the intervention. The exchange rate might have been 67.12–77.47 yen to a US dollar without yen-selling/dollar-purchasing intervention of 74,691,100 million yen implemented by the Japanese government since 1991, in comparison to the actual exchange rate was 103.19 yen to the US dollar at the end of March 2014.

Keywords: Exchange rate; Foreign exchange intervention; International finance (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:469:y:2017:i:c:p:102-110

DOI: 10.1016/j.physa.2016.11.044

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