You are quoted the following market rates: spot USD/JPY 123.65 1M (30-day) USD. 2.15% 1M (30-day) JPY 0.10% What is 1-month USD/JPY?
A) 123.44
B) 123.65
C) 123.86
D) 123.90

Name: You are quoted the following market rates: spot USD/JPY 123.65 1M (30-day) USD. 2.15% 1M (30-day) JPY 0.10% What is 1-month USD/JPY? A) 123.44 B) 123.65 C) 123.86 D) 123.90
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Question

Quizplus · Accepted Answer

1-month USD/JPY = 123.65 * (1 + 0.0215/100) / (1 + 0.0010/100) = 123.44

You Are Quoted the Following Market Rates: Spot USD/JPY 123