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2 As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are:

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2 As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: Spot 30-day 101.3745/USSI A$1.2924-44/U.S.$1 15-13 20-26 a. What bid and ask yen cross rates would you quote on spot Australian dollars? b. What outright yen cross rates would you quote on 30-day forward Australian dollars

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