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Your business is based in the United States.In six months' time, you are due to receive money from a customer based in Japan who will

Your business is based in the United States.In six months' time, you are due to receive money from a customer based in Japan who will pay you in Japanese Yen. Conscious of exchange-rate volatility, you decide to hedge your exposure. Which forward position will achieve the desired hedge?

Select one:

A long forward position to buy Japanese Yen using USD.

A short forward position to sell Japanese Yen for USD.

A short forward position to sell USD for Japanese Yen

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