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Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency...

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Finance

Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is yen129.87/$ and the 6-month forward rate is yen128.53/$. Jasper thinks the yen will move to yen128.00/$ in the next six months. Jasper should ________ at ________ to profit from changing currency values

A.sell yen; the forward rate

B.buy yen; the forward rate

C.buy dollars; the forward rate

D.There is not enough information to answer this question.

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