This paper attempts to identify implicit exchange rate regimes for the Yen/Dollar exchange rate. To that end, we apply … such implicit bands indicates the high degree of confidence attributed by economic agents to the evolution of the Yen …

the estimated RNDs on the JPY/EUR and USD/EUR currency pairs. In particular, the operations where Japanese yen is sold … coincide with a movement in the mean of the RND towards a weaker yen both against the US dollar and the euro, as well as with …

We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate … successful interventions, both in depreciating the yen and in reducing exchange rate volatility …. Realized volatility is a technical innovation that allows specifying a system of equations for returns, realized volatility …

left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous … volatility at the turn of the millennium when Japanese foreign exchange intervention started to remain unsterilized …

This paper examines co-movements and volatility spillovers in the returns of the euro, the British pound, the Swiss … franc and the Japanese yen vis-à-vis the US dollar before and after the introduction of the euro. Based on dynamic … significant co-movements and volatility spillovers across the four exchange returns, but their extend is, on average, lower in the …

, especially in the YEN-USD market. In sum, official interventions are shown to move market opinions, albeit differently across the …

the yen/US dollar dynamics …

Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993 - 2000 that were … released only recently by the BoJ and find that interventions of the BoJ increased the volatility of the $/yen exchange rate …