Judy is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is 129.87/$ and the 6-month forward rate is 128.53/$. Judy thinks the yen will move to 128.00/$ in the next six months. If Judy's expectations are correct, then she could profit in the forward market by ________ and then ________.

Select one:

a. She could not profit in the forward market.

b. There is not enough information to answer this question.

c. buying yen for 128.53/$; selling yen at 128.00/$

d. buying yen for 128.00/$; selling yen at 128.53/$