EUR/JPY intraday seasonality overview, 2003-2010

Source: forexautomaton.com

A systematic search for forex inefficiencies in an unlikely place, the daily variation of temporal and cross-market averages of hourly logarithmic returns, initially undertaken for the sake of scientific completeness in the context where results were expected primarily from correlation observables, unexpectedly yielded non-trivial results. The results for exchange rates involving USD as the base currency have been summarized elsewhere. This EUR/JPY report contributes to another set of results involving JPY as the base currency.


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