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A European food manufacturer generates receipts in yen from exports to Japan. At the same time, the company imports component parts from the USA, incurring

A European food manufacturer generates receipts in yen from exports to Japan. At the same time, the company imports component parts from the USA, incurring commitments in USD. The company needs to determine its net open position to the yen. Calculate the bid/ask EUR/JPY crossrate if the current wholesale direct FX rates are

USD/EURO 0.7250 0.7255

USD/JPY 81.40 81.50

Ive already know the answer, but dont know why use 81.40 dividend 0.7255?? i think 81.40 should dividend 0.7250. like bid price dividend bid

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