Schulmeister, Stephan - In: Japan and the World Economy 21 (2009) 3, pp. 270-279
The study analyzes the interaction between the trading behaviour of 1024 moving average and momentum models and the fluctuations of the yen/dollar exchange rate. I show first that these models would have exploited exchange rate trends quite profitably between 1976 and 2007. I then show that the...
