Question: Given the market data below, determine if there is an arbitrage opportunity? Spot (YEN per GBP) bid-ask155.7303 - 156.925060-day forward (YEN per GBP) bid-ask161.7370 -

Given the market data below, determine if there is an arbitrage opportunity?

Spot (YEN per GBP) bid-ask155.7303 - 156.925060-day forward (YEN per GBP) bid-ask161.7370 - 161.7510GBP 60-day interest rate (annualized)2.50% - 2.65%YEN 60-day interest rate (annualized)0.75% - 0.92%

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