If the spot rate (in U.S. dollars) for Japanese yen is 0.00703 and the 180-day forward rate is 0.00717, then the yen is trading at a(n) ____.

Name: If the spot rate (in U.S. dollars) for Japanese yen is 0.00703 and the 180-day forward rate is 0.00717, then the yen is trading at a(n) ____.
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When the forward rate (0.00717) is higher than the spot rate (0.00703), it indicates that the yen is expected to appreciate relative to the U.S. dollar in the future, hence it is trading at a forward premium.

If the Spot Rate (In U