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You have done the following deals in spot USD/JPY:
Sold USD 5.0 million at 111.60
Bought USD 3.5 million at 111.20
Bought USD 2.0 million at 111.50
Sold USD 2.0 million at 111.55
What position do you now have?
When a deal is done via a broker:
All other things being equal, if a bank borrows short and lends long what is the effect on the liquidity risk of the bank?