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Jasper Pernik is a currency speculator who enjoys betting on changes in the foreign currency exchange market Currently the spot price for the Japanese yen

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Jasper Pernik is a currency speculator who enjoys "betting on changes in the foreign currency exchange market Currently the spot price for the Japanese yen is *12975 and the 6 month forward rate is 129/$ Josper thinks the yen will move to 131/$ in the next six months. If Jasper buys $73,000 worth of yen ot today's spot price and tells within the next six months at 131/5, he will earn a profit of Profit

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