Question: Question 3 (4 marks) Suppose you are a FX trader at Citi. A client calls for a JPY quote. You quote 105.33/105.39. Client buys USD

Question 3 (4 marks) Suppose you are a FX trader at

Question 3 (4 marks) Suppose you are a FX trader at Citi. A client calls for a JPY quote. You quote 105.33/105.39. Client buys USD 3,000,000. a. (2 marks) At what rate is the deal done? b. (1 mark) What is your position (long or short) in JPY (how much)? c. (1 mark) What is your position (long or short) in USD (how much)

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