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You are buying an option on a currency pair that does not involve the USD. In this case, it is JPY / GBP and is

You are buying an option on a currency pair that does not involve the USD. In this case, it is JPY

/

GBP and is quoted as how many JPY it takes to buy

1

GBP

(

about

195

today's market

) .

If you purchase a call option on the base currency, this allows you to:

Sell JPY

Unable to determine from the information given

Sell GBP

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