Liu, Ming-Hua; Margaritis, Dimitris; Tourani-Rad, Alireza - In: Global Finance Journal 23 (2012) 1, pp. 48-63
exchange rate against major currencies (i.e. USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY and NZD/JPY) and measures of risk appetite (i … popular carry-trade currencies, i.e. NZD/JPY, AUD/JPY and GBP/JPY, are more affected by the US equity market than USD/JPY and … EUR/JPY. While the long-term relationships are consistent across the four different time zones, the short-term dynamics …