The yen/dollar exchange rate in 1998: views from options markets

Quarterly Bulletin 1999 Q1
Published on 01 March 1999

By Neil Cooper and James Talbot of the Bank’s Monetary Instruments and Markets Division

To help to assess market participants’ views on exchange rate developments, the Bank of England uses a range of techniques that employ information from the over-the-counter (OTC) currency options markets. This article describes these techniques and shows how they can be used to assist our understanding of market perceptions of the yen/dollar exchange rate over this period.

PDFThe yen/dollar exchange rate in 1998: views from options markets

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