Posted by philosoraptor on 29th of Sep 2011 at 01:42 pm
Not so, RP. Each is the stated currency name against the Dollar
- just not always as per the pair order by FX custom. For example,
bring up a two year chart of FXY and you will see it trades
perfectly inverse to the USDJPY chart you just posted.
p.s. main difference is the existence of large gaps on the ETFs,
because they only trade during US exchange hours.
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Not so, RP. Each is
Posted by philosoraptor on 29th of Sep 2011 at 01:42 pm
Not so, RP. Each is the stated currency name against the Dollar - just not always as per the pair order by FX custom. For example, bring up a two year chart of FXY and you will see it trades perfectly inverse to the USDJPY chart you just posted.
p.s. main difference is the existence of large gaps on the ETFs, because they only trade during US exchange hours.