Schweser Vol1. Q40 FCRP current, its

siavosh

oK….
Expect JPY/USD spot rate to fall by 2% from its current level. The FCRP is closest to:
My intuition tells me: JPY/USD fell, so, F-S/S = -2%…. FCRP = -2% -(Rdc- Rfc) so, = -2- (3.88-7) = +1.12///
But schweser gives the answer as - 1.12% and in the explanation they do 2-(7-3.88)
For me if it is quoted JPY/USD, then JPY is Dom…
What am I missing
Thanks and lets kill this