What bid and ask yen cross rates

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Reference no: EM131998222

Assume you are a foreign exchange trader at Sumitomo Bank. One of your customerswould like a yen quote on Australian dollars. Current market rates are:

Spot30-day forward (in points)

JPY/USD 101.37−85 15−13

AUD/USD 1.2924−44 20−26

(a) What bid and ask yen cross rates would you quote on spot Australian dollars(JPY/AUD)?

(b) What outright yen cross rates would you quote on 30-day forward Australian dol-lars (JPY/AUD)?

Reference no: EM131998222

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