Ito, Takatoshi; Hashimoto, Yuko - Center for International Research on the Japanese … - 2006
This paper examines intra-day patterns of the exchange rate behavior, using the "firm" bid-ask quotes and transactions of USD-JPY (Alec: The EBS notations define the base currency as the first currency in the name of the currency pair. Note that trading in EBS is done in millions of the base...