1) Does forward market exist on Japan currency against US dollar and / or other major currencies? Find the one year forward rate at the beginning of year 2014 and 2015.
2) compute the difference between forward rate and spot rate. Is it a Premium or discount at the beginning of year 2014 and 2015?
3) Use above results and information from question 1 to check if interest rate parity holds for year 2014 and 2015.
5) Future and option. Does future or option market exist for your currency? Please example of a future or option quote.