Suppose that one euro can be exchanged for 1.3 U.S. dollars and that one U.S. dollar can

Question:

Suppose that one euro can be exchanged for 1.3 U.S. dollars and that one U.S. dollar can be exchanged for 80 Japanese yen. If these currencies can be traded freely with low transaction costs, what would you expect between euros and the Japanese yen? Describe the transactions that would occur if the euro-yen is higher than this amount (more yen per euro).

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...