🤖 Ai回答: Step 1: Understand the context of the question
The question is asking about the quotation method used in the New York foreign exchange market for the USD/JPY (US Dollar/Japanese Yen) currency pair.
Step 2: Recall the quotation methods used in foreign exchange markets
In foreign exchange markets, currencies are quoted in pairs, and the quotation can be either direct or indirect、A direct quote is when the foreign currency is quoted in terms of the domestic currency (e.g., USD/JPY where 1 USD = X JPY), and an indirect quote is when the domestic currency is quoted in terms of the foreign currency.
Step 3: Identify the standard quotation method for USD/JPY in major markets
The USD/JPY pair is typically quoted directly in most markets outside of Japan, meaning the price is given as the amount of JPY per USD.
Step 4: Consider the specifics of the New York foreign exchange market
In the New York foreign exchange market, the US Dollar is the domestic currency、Therefore, quoting USD/JPY directly means stating how many JPY are equivalent to 1 USD.
Step 5: Determine the quotation method used for USD/JPY in New York
Since the USD is the domestic currency in New York, the USD/JPY is quoted directly、This means the quote represents the number of JPY per USD.
Step 6: Conclude the quotation method
The USD/JPY is quoted directly in New York, meaning it's quoted as the amount of JPY per 1 USD.