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> The Japanese yen is currently quoted at 0.9613.
> How do I convert this rate to the exchange rate of $1 to Yen 106 .
> Thanks Mike
spot FX USDJPY is currently 105.06 (middle price between bid/ask)
1 / 105.06 ~> 0.9518.....if you compare that to IMM: The difference between
that and the futureprice is the interest rate differential between the 2 countrie it
carries.
rgds hans
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