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Q3. JP Morgan would like to buy 3 million USD today against JPY. Bank of America quotes USD/JPY as 149.900/149.906. Tomorrow USD/JPY goes down. If

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Q3. JP Morgan would like to buy 3 million USD today against JPY. Bank of America quotes USD/JPY as 149.900/149.906. Tomorrow USD/JPY goes down. If JP Morgan sells USD bought, determine P/L Tomorrow Bank of America quotes USD/JPY as 144.85/144.857. Determine P/L. Q4. ABC Bank would like to buy 15 million EUR today against USD. JP Morgan quotes EUR/USD as 1.1750/1.1755. ABC Bank is bullish on EUR/USD. 1 month from today, EUR/USD goes down. ABC Bank would like to sell the EUR bought. 1 month from today, JP Morgan quotes EUR/USD as 1.1700/1.1705. Determine P/L

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