Silly question

Looking at several pairs I got the feeling the market was not being truly efficient so probably its just me not quite understanding what is going on.

As I look to the quotes I see:
USD/JPY: 109.25
EUR/USD: 1.5
EUR/JPY: 161.25

Now, doesn't this look awkward?

Looking at this, what I want to do is buy 1000 EUR with 161250 JPY. Then convert them to 1500 USD and then turn it back to 163875 JPY. This is free money (2.5k JPY but we can do this with millions) how can it happen and how can I actually do it?

Looking at several pairs I got the feeling the market was not being truly efficient so probably its just me not quite understanding what is going on.

As I look to the quotes I see:
USD/JPY: 109.25
EUR/USD: 1.5
EUR/JPY: 161.25

Now, doesn't this look awkward?

Looking at this, what I want to do is buy 1000 EUR with 161250 JPY. Then convert them to 1500 USD and then turn it back to 163875 JPY. This is free money (2.5k JPY but we can do this with millions) how can it happen and how can I actually do it?

just looked at the chart:

EY 161.19
E$ 1.4746
$Y 109.30

161.19/109.30 = 1.4747483

Euro's not at 1.5

Your trying to do an arbitrage trade, impossible to do unless you are very well connected with the banks and technology, your broke r will not be off market long enough for you to take advantage and wouldn't let you do it.

fwiw.

LOL

That explains it... too much time in front of the computer (it was 1.4750 when I looked, thus the screw up).

Sorry guys