n NISM Certifications
NSM General NISM
Medium

Mr. Sunny buys one lot of USD/INR and sells one lot of JPY/INR. What view has he executed?

Practice question from NISM Series I - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    JPY weakening against USD

  2. B

    INR weakening against JPY

  3. JPY strengthening against USD

    Correct answer

  4. D

    INR strengthening against USD

Why this is the answer

He is long USDINR (bullish USD) and short JPYINR (bearish JPY), which indicates JPY strengthening against USD.

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