Does forward market exist on Japan currency against US dollar and/or other major currencies? Find the one year forward rate at the beginning of year 2014 and 2015. compute the difference between forward rate and spot rate. Is it a Premium or discount at the beginning of year 2014 and 2015? Use above results and information from question 1 to check if interest rate parity holds for year 2014 and 2015. Future and option. Does future or option market exist for your currency? Please example of a future or option quote