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A EUR-based foreign currency trader observed the following quotes: EUR/JPY=.0069 GBP/EUR=.8241 GBP/JPY=.0059 What steps should he take to make arbitrage profit? What is the impact

A EUR-based foreign currency trader observed the following quotes:

EUR/JPY=.0069

GBP/EUR=.8241

GBP/JPY=.0059

What steps should he take to make arbitrage profit? What is the impact of his arbitrage on EUR/JPY quote? What EUR/JPY quote will eliminate arbitrage opportunity?

Please show all steps/work where possible!!!

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