5. Currency options You are a US importer from Japan. For goods sold in Japan, you are to receive 250 million Japanese yen (JPY) in three months. You wish to hedge the currency-risk using options. Please answer the following questions: What type of currency option on the Japanese yen would you use, if you have decided to sell / write the currency options? b. Why would you prefer to write / sell currency options rather than buy currency options as hedging strategy? If each currency option has a face value of 12.5 million JPY, how many such currency options would you require to use for hedging? c