This may be a totally crazy question but......
USD/CHF=1.1550
CHF/JPY=86.75
USD/JPY=100.24
What is to stop anyone buying CHF with Yen, exchanging CHF for USD then changing the USD back to JPY and making a fortune? Spreads are nowhere near as large as the discrepency in these rates!
http://img520.imageshack.us/img520/2...mysteryah1.jpg
USD/CHF=1.1550
CHF/JPY=86.75
USD/JPY=100.24
What is to stop anyone buying CHF with Yen, exchanging CHF for USD then changing the USD back to JPY and making a fortune? Spreads are nowhere near as large as the discrepency in these rates!
http://img520.imageshack.us/img520/2...mysteryah1.jpg
Starting to see instead of just looking.