Based on the following spot and forward rates of foreign currency terms and home currency terms, (3 marks) Foreign currency (price) Home currency (price)) Foreign homehome currency (unit) currency (unit) 118.27/$ USD/JPY0.0084552296 Spot Rate 116.84/$ USD/JPY0.0085587128 3-month forward you are required to: 1- Explain if the Japanese yen is selling forward at a premium. (show your calculation steps) (2 marks) 2- Calculate the outright 6-month forward rate if the points are minus 1.43 using the foreign currency term