If speculators expect the spot rate of the yen in 60 days, Financial Management

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If speculators expect the spot rate of the yen in 60 days

If speculators expect the spot rate of the yen in 60 days to be ____ than the 60-day forward rate on the yen, they will ____ the yen forward and put ____ pressure on the yen's forward rate. Fill in blanks

a. higher; buy; upward

b. higher; sell; downward

c. higher; sell; upward

d. lower; buy; upward

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Financial Management: If speculators expect the spot rate of the yen in 60 days

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