If the dollar is expected to depreciate against the Japanese yen during the next 60 days, then
A) the 60-day forward yen/dollar exchange rate should be lower than the current exchange rate.
B) the 60-day forward yen/dollar exchange rate should be higher than the current exchange rate.
C) the yen price of dollar-denominated asset is expected to rise.
D) the foreign exchange market must not be an efficient market.
Correct Answer:
Verified
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