Hi I’m new to this and have a question please could anyone tell me why i can see the AUD/YEN at 98 and the USD/YEN at 94 when AUD/USD are vertially the same at 1.04. Shouldn’t it be that USD/YEN be at 98 as well if AUD/USD are the same?
Strongly advise you to learn the basics. Start from babypips school first. You will get answers for these kind of questions and knowledge.
Ok thanks Will I’ll check out the school - I just thought it was an arbitrage that was missed out. I was thinking you could sell the Yen and buy the US dollars at the cheap 94 and then sell the US dollars for the AUD at 1.04 and then re-sell the AUD to get more YEN at the 98 Yen per AUD.