Looking for assistance in approaching the given problem:
You are a Japanese exporter. You have just made two shipments of your product; one to the U.S. (for which you will be paid in USD in 60 days) and one to China (for which you will be paid in CHY in 60 days). The USD floats against the JPY and the CHY is pegged to the USD.
Discuss briefly the currency risk(s) (and opportunities) that you are assuming by entering the above two export contracts.