If the exchange rates, after fees, in Tokyo are ¥1000 = €6 = $9 and the exchange rates in Paris are €1 = $1.5 = ¥171, which of the following would you expect to occur?
◦ a surge in conversion of dollars to yen in Tokyo
◦ a surge in conversion of euros to yen in Paris
◦ a surge in conversion of euros to yen in Tokyo
◦ a surge in conversion of euros to dollars in Paris