An FI has 750 million in its trading portfolio on the close of business on a particular day. The current exchange rate of yen for dollars is 120.00/$, or dollars for yen is $0.00833, at the daily close. The volatility, or standard deviation (), of daily percentage changes in the spot /$ exchange rate over the past year was 121.6 bp. The FI is interested in adverse movesbad moves that will not occur more than 1 percent of the time, or 1 day in every 100 days. Calculate the oneday VAR and ES from this position.