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Bloomberg Cross Rates. Use the table from Bloomberg below to calculate each of the following:
a.  Japanese yen per U.S. dollar
B U.S. dollars per Japanese yen

To solve the problems using the provided exchange rate table, let's first interpret the relevant exchange rates:

### a. Japanese yen per U.S. dollar (JPY/USD)
This means we need to find out how many Japanese yen (JPY) can be obtained for 1 U.S. dollar (USD).

From the table, the JPY/USD rate is directly given as **104.55**. Therefore, the Japanese yen per U.S. dollar is:

\[
\text{JPY per USD} = 104.55 \, \text{JPY/USD}
\]

### b. U.S. dollars per Japanese yen (USD/JPY)
This is the inverse of the previous rate. We need to calculate how many U.S. dollars can be obtained for 1 Japanese yen.

To find USD per JPY, we take the reciprocal of the JPY/USD rate:

\[
\text{USD per JPY} = \frac{1}{\text{JPY per USD}} = \frac{1}{104.55} \approx 0.00956 \, \text{USD/JPY}
\]

Thus:

- **Japanese yen per U.S. dollar (JPY/USD): 104.55**
- **U.S. dollars per Japanese yen (USD/JPY): 0.00956**

Would you like more details on the calculations or have any further questions?

Here are some related questions to explore:

1. How would the exchange rate change affect the value of Japanese imports for a U.S. company?
2. What is the significance of the exchange rate spread in currency conversions?
3. How do cross rates between non-USD currencies relate to direct rates like USD/JPY?
4. How can businesses hedge against adverse currency exchange rate movements?
5. What factors influence the fluctuations in exchange rates like USD/JPY?

**Tip:** When converting currencies, it's often helpful to check whether you're given a direct rate (like USD/JPY) or if you need to calculate an inverse rate.

Learn how to calculate the exchange rates between Japanese Yen (JPY) and U.S. Dollars (USD) using the Bloomberg Cross Rates table. Understand the direct and reciprocal rates, including detailed calculations and examples. Suitable for individuals needing to understand currency conversion rates.

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