本研究主要因二次戰後，各國紛紛由傳統一般戰爭改為貨幣經濟戰爭，各項戰爭皆好比一場賽局，爾虞我詐，慎防彼此，進而聯想到使用著名的賽局理論，嘗試使用不同以往傳統的報表分析和定量方法，藉由透過賽局靜態囚徒困境的納許均衡，衍生到使用動態逆向歸納法去推論預測美金對日圓之外匯趨勢，並利用52週高價動能去檢視切入點與使用停損點反向操作指標出場的時機，用以檢測實證是否能夠精確地產生可預測的結果和優異的報酬。
由實證分析結果得知，只透過靜態及動態之賽局理論去分析美國貨幣政策，發現能夠預判出美金對日圓之外匯趨勢，能使我們投資策略能提早進場佈局，取得先機。

After the World War II, the conflicts of countries have changed from the traditional military war to the currency wars. The wars are like a game between countries so we try to use the well-known Game Theory different from the traditional statement analysis and quantitative methods to predict the returns of the currency trade. By using the static prisoner's dilemma of the Nash Equilibrium and dynamic of the Backward Induction, we try to predict Dollar-Yen exchange rate trends. We also use the 52-Week High Momentum to determine the time of buying and use Stop And Reverse to determine the time of selling. Then we run the empirical study to check whether it can accurately produce predictable results and excellent return.
The result of the empirical study through the static and dynamic game theory to analyze the US Monetary Policy shows that it is possible to predict the trend of the Yens against Dollars of foreign exchange. It enables us to have the portfolio before the appreciation or depreciation occurs.

一、中文部分
巫和懋、夏珍(2004)，賽局高手－全方位策略與應用，台北：時報出版。
張維迎(2001)，賽局理論與信息經濟學，台北：茂昌。
鄭婉秀、吳佩珊、陳君達、陳玉瓏(2005)，貨幣政策、匯率與股價關連性之探討：GARCH-IRF模型之應用，朝陽商管評論，第4卷第2期。

二、英文部分
Eichenbaum, M., and C.L. Evans,1995,“Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates.” The Quarterly Journal of Economics, Vol. 110(November), pp. 975-1010.
George, T.J. and C.-Y. Hwang,2004,“The 52-week High and Momentum Investing.”Journal of Finance 59(5): 2145-2176.
Lastrapes, W.D.,1989,“ Exchange Rate Volatility & U. S. Monetary Policy: An ARCH Application.”Journal of Money,Credit & Banking,21(1):66-77.
Mark, N.C., and D. Sul,1999,“Nominal Exchange Rates and Monetary Fundamentals: Evidence from a Small Post-Bretton Woods Panel.”Department of Economics, The Ohio State University Working Paper(August 26), pp. 1-31.
Roley, V. V. & Sellon, G. H, Jr.,1998,“Monetary Policy Actions, Intervention, and Exchange Rate: A Reexamination of the Empirical Relationships Using Federal Funds Rate Target Data.”Journal of business, 71(2):147-77.