cents per contract, or a cash equivalent of $35 per contract. ; In the Japanese yen futures pit, dual traders also obtain … their customers' trades, which does not happen in the Japanese yen futures. Finally, dual traders do not appear to be …

assumptions such as lognormality. ; I apply this technique to estimate the joint risk-neutral density of euro-dollar and yen-dollar … nonparametric marginals. The nonparametric euro-yen risk-neutral density has greater volatility, skewness, and kurtosis than the … density based on a lognormal dependence function. In a comparison of pricing accuracy for euro-yen futures options, I find …

longerterm interest rate and output effects and focuses on U.S. and Japanese liquidity as relevant proxies for global … contrast, the influence of Japanese and euro area excess liquidity on euro area inflation is more limited. -- Global excess …