The current dollar-yen exchange rate
Question
What is the USD/JPY rate today?
Short answer
Know the approximate number of yen per US dollar and why it is moving. USD/JPY is quoted as yen per dollar; its main driver is the interest-rate gap between the Fed and the Bank of Japan, along with risk sentiment and possible Japanese intervention. Check the level before the interview and be ready to say whether the yen has been strengthening or weakening.
Adapted from Joshi, Denson & Downes, Quant Job Interview Questions and Answers, Q9.30, p.304; question and answer rewritten by SelfMadeQuant.com.
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