Recently, a fi nancial newspaper reported the following spot and forward rates for the Japanese yen (¥). Spot: $ XXXXXXXXXX/¥ (¥132.34/$) 1-month: $ XXXXXXXXXX/¥ (¥132.14/$) 3-month: $ XXXXXXXXXX/¥...

Recently, a fi nancial newspaper reported the following spot and forward rates for the Japanese yen (¥). Spot: $0.007556/¥ (¥132.34/$) 1-month: $0.007568/¥ (¥132.14/$) 3-month: $0.007593/¥ (¥131.71/$) Supply the forward yen premium or discount (specify which it is) for both the one- and three-month quotes as an annual percentage rate.