Liu, Ming-Hua; Margaritis, Dimitris; Tourani-Rad, Alireza - In: Global Finance Journal 23 (2012) 1, pp. 48-63
Using exchange rate data from four different countries (time zones), we examine the relationship between the Yen exchange rate against major currencies (i.e. USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY and NZD/JPY) and measures of risk appetite (i.e. the S&P500 index, Dow Jones Industrial Average index...
