n NISM Certifications
NSM General NISM
Medium

A trader expects USDJPY to rise from 105 to 108 in the next month. What trade should they take in currency futures using JPYINR and USDINR?

Practice question from NISM Series I - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Long JPYINR

  2. B

    Short JPYINR

  3. Long JPYINR and Short USDINR

    Correct answer

  4. D

    Short JPYINR and Long USDINR

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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