Refer to the following information on foreign currency positions (all in $thousands) for an Australian FI.

Currency	Assets	Liabilities	FX Bought	FX Sold
Pound	260	70	170	320
Yen	100	20	100	220

What are the FI's net exposure (in $thousands) in Japanese Yen and its exposure to the fluctuation in the AU$/Japanese Yen exchange rate?

Select one:

a. -40, exposed to the appreciation in Japanese Yen

b. +40, exposed to the appreciation in Japanese Yen

c. -40, exposed to the depreciation in Japanese Yen

d. +40, exposed to the depreciation in Japanese Yen

e. 0, not exposed to the fluctuation in Japanese Yen exchange rate