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As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: 101.37-85/U.S.$1
As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: 101.37-85/U.S.$1 AS1.2924-44/U.S.$1 What bid and ask rates would you quote?
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