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Using the below quotes, calculate the one, three, and six-month forward premium or discount for the U.S. dollar versus the Japanese Yen using European term

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Using the below quotes, calculate the one, three, and six-month forward premium or discount for the U.S. dollar versus the Japanese Yen using European term quotations. For simplicity, assume each month has 30 days. What is the interpretation of your results? Japan yen In US$ Per US$ Spot 0.00897 111.49 1-mos forward 0.00899 111.22 3-mos forward 0.00903 110.70 6-mos forward 0.00910 109.90

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