Question: Below are the bid & ask rates for trading between the Euro, the Japanese Yen, and the Aussie Dollar: BID ASK YEN 128.71/EUR YEN 128.74/EUR

Below are the bid & ask rates for trading between the Euro, the Japanese Yen, and the Aussie Dollar:

BID ASK

YEN 128.71/EUR YEN 128.74/EUR

YEN 92.50/AUD YEN 92.52/AUD

AUD 1.3912/EUR AUD 1.3915/EUR

Is there an arbitrage profit available? How did you arrive at this conclusion?

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