67.4) The Japanese Yen suddenly changes in value against the euro moving from an exchange rate of 140.541/ to 139.980/. Thus, the Yen has ________ by ________.

Appreciated or Depreciated by _________

67.5) Assume the current Yen-euro spot rate is 140.541/. Further, the current nominal 180-day rate of return in Japan is 1.2% and 4.5% in the Europe. Assuming yen is your home currency, what is the approximate forward exchange rate for 180 days?

Forward Exchange Rate = __________