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If the quote for the Japanese yen in the New York market is $ / Y .006 and in the London market it is $
If the quote for the Japanese yen in the New York market is $ / Y .006 and in the London market it is $ / Y .009, you:
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I'd buy yen in London and sell them in New York
I'd buy dollars in New York and sell them in London
I'd buy yen in New York and sell it in London
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