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need process a) During 2022 the AUD traded at a forward premium to the Japanese Yen. Why? (2 marks) b) An FX dealer provides a

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a) During 2022 the AUD traded at a forward premium to the Japanese Yen. Why? (2 marks) b) An FX dealer provides a quote of AUD/Yen 93.49-93.58: (i) A fund manager wishes to convert AUD 5 million into Yen to invest in Japanese bonds. If the accept the dealer's quote, how much in Yen will they receive? (2 marks) (ii) ACEG bank has Yen 10 million that they wish to convert to AUD. If they accept the dealer's quote, how much in AUD will they receive? (2 marks)

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