波动性与日元

Volatility and the Japanese Yen

该文是由五部分组成的系列文章中的第四篇．整个系列讨论了外汇交易与投资及其带给中国国内艰行和客户的获利机会，该篇从日元的走势中发现了超出平均的波动性同价格趋势强化和反转之间存在统计上的重要关系，即在极端的或高于平均历史波动性的阶段之后通常会形成走势的反转：若价格趋势在超常波动性出现之后仍能保持不变，那么通常这一起势将会持续较长的时间．该文由路透集团特约提供。

This paper is the fourth in a five-part series addressing FX trading and investing, and the profit opportunities it presents to domestic Chinese banks and their clients. It uncovered statistical significance in the Japanese Yen between above average volatility and trend confirmation and reversal. Trend reversals frequentty begin to form following pedods of extreme or above average histedcal volatility. Conversely, phce trends that endure above average volatility more often than not resume the trend for a prolonged period. It is sponsored by Reuters Group.