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Name Bid Ask Mid Price USD/JPY Spot 106.95 106.96 106.955 USD/JPY 1-Week Forward -4.1 -3.9 -4 USD/JPY 2-Week Forward -8.41 -8.01 -8.21 USD/JPY 3-Week Forward

Name

Bid

Ask

Mid Price

USD/JPY Spot

106.95

106.96

106.955

USD/JPY 1-Week Forward

-4.1

-3.9

-4

USD/JPY 2-Week Forward

-8.41

-8.01

-8.21

USD/JPY 3-Week Forward

-12.41

-12.01

-12.21

USD/JPY 1-Month Forward

-24.51

-24.2

-24.355

USD/JPY 1-Year Forward

-294.1

-292.1

-293.1

A. According to the table, what is the forecasted change in the JPY against USD one year from now?

B. According to the table, what is the forecasted change in the USD against JPY one year from now? How do you describe this change? (devaluation, revaluation, appreciation, or depreciation)

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