Question
Based on the following table. Instrument Bid Ask USDJPY 1M FWD -3.14 -2.9 USDJPY 2M FWD -6.22 -5.82 USDJPY 3M FWD -9.78 -9.18 USDJPY 4M
Based on the following table.
| Instrument | Bid | Ask |
| USDJPY 1M FWD | -3.14 | -2.9 |
| USDJPY 2M FWD | -6.22 | -5.82 |
| USDJPY 3M FWD | -9.78 | -9.18 |
| USDJPY 4M FWD | -13.17 | -12.37 |
| USDJPY 5M FWD | -16.39 | -15.39 |
| USDJPY 6M FWD | -20.44 | -19.24 |
| USDJPY Spot | 107.119 | 107.219 |
What is the average annualized forward premium/discount for the JPY if you use the 2M forward contract (Format for answer: X.XX% or X.XX%)
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