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So I just calculated the forward premium/discount of JPYNZD. how can I explain this in a presentation? does this means that this is a discount

So I just calculated the forward premium/discount of JPYNZD. how can I explain this in a presentation? does this means that this is a discount rate and recommend to sell the currency forward on a discount ? please enlighten me!!! Thank you
Ask 1.4267 JPY/NZD Bid Spot rate 1.4253 1M 1.4567 6M 1.5774 1.3977 Mid-Rate Forward Premium/Discount 1.4260 1.4272 26.44% 1.4828 21.34% 1.5200 17.93% 1.3882 1Y 1.6808 1.3592

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