Forward Premium on the Japanese Yen. Calculate the forward premium on the Japanese Yen $(\%)$ if the spot rate is $$146\mathrm{.}9916=$$$1\mathrm{.}00$ and the $6-$month forward rate is $$145\mathrm{.}0092=$$$1\mathrm{.}00.$ Note: Use a $360-$day year.

The forward premium on the Japanese Yen $(\%)$ is $\%.($Round to four decimal places.$)$

$($Select from the drop$-$down menus.$)$

The dollar would be selling forward at a against the yen, or equivalently, the yen selling forward against the dollar at a

premium

discount