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2 parts As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates

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As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: Spot 30-day 101.37-85/U.S.$1 15-13 A$1.2924-44/U.S.$1 20-26 What outright yen cross rates would you quote on 30-day forward Australian dollars? X78.58-87 *78.31-81/A$1 O X78.04-58/A$1 V101.71-88 What is the forward premium or discount on buying 30-day Australian dollars against yen delivery? 0 -3.50% -4.137% OO 8.3%

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