Skip to Content
Inside the Currency Market: Mechanics, Valuation, and Strategies
book

Inside the Currency Market: Mechanics, Valuation, and Strategies

by Brian Twomey
November 2011
Beginner
335 pages
9h 33m
English
Bloomberg Press
Content preview from Inside the Currency Market: Mechanics, Valuation, and Strategies

Seasonality and U.S. Dollar/Japanese Yen

Traditionally, the U.S. dollar/Japanese yen peaks during the year around April or May along with LIBOR. The answer is believed to be due to Japanese governments who pass and vote budgets during this time. The Ministry of Finance in Japan writes initial budgets in December, adjusts the budget in February due to supplementary requests by Japanese Ministries, and a vote is held around the April/May period in the Japanese Diet (Ministry of Finance2010). Japanese companies pass budgets in line with government budgets for purposes of business planning and taxes. If U.S. dollar/Japanese yen peaks, Japanese yen/U.S. dollar bottoms and allows Japanese yen to be borrowed to fund the new year.

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Financial Markets, Banking, and Monetary Policy

Financial Markets, Banking, and Monetary Policy

Thomas D. Simpson

Publisher Resources

ISBN: 9781118149331Purchase book