Currency spread

If the current bid price for the EUR/USD currency pair is 1.5760 and the current ask price is 1.5763. This means that currently you can sell the EUR/USD at 1.5760 and buy at 1.5763. The difference between those prices is the spread. If the USD/JPY currency pair is currently trading at 101.89 by 92 which is another way of saying that the bid for the USD/JPY 101.89 and the ask is 101.92. This means that we can currently sell USD/JPY at 101.89 and buy at 101.92