Profitability of Technical Currency Speculation. The Case of Yen-Dollar Trading 1976-2007

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Schulmeister, Stephan;
(2008)
  • Publisher: Austrian Institute of Economic Research (WIFO) Vienna
  • Subject: Exchange rate | Technical trading | Speculation | Währungsspekulation | Yen | US-Dollar | Anlageverhalten | Kapitaleinkommen | Wechselkurs | Volatilität | Schätzung | Welt
    • ddc: ddc:330

The paper investigates the profitability of 1,024 moving average and momentum models and their components in the yen-dollar market. It turns out that all models would have been profitable between 1976 and 2007. The models produce more single losses than single profits. ... View more
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