I'm sorry the sentence doesn't make any sense to me if either word was used. Is - present was - past. If you are stating if and talking about the future the is would be the word to use.
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dimsumexpressRazer,Ya ya thanks for getting it. Can you answer one mor
Do you mean to say: "If the Yen were allowed to trade in our exhanges, I would have shorted it ? "
Grammar GeekIt's the subjunctive - a condition that is contrary to fact.
If I were a rich man,
I am happy. If I were angry, trust me, you'd know about it.
The Yen is not traded. If the Yen were traded, I would...
My mother-in-law is not coming this weekend. If she were coming, I would have to hire a cleaning crew before she arrived.