If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:
A) The value date of the centre which is open.
B) The next business day of the centre which is close
C) The next business day when both New York and Tokyo
D) None of the above.

Question

Quizplus · Accepted Answer

The correct value date for forward USD/JPY transactions is the next business day when both New York and Tokyo are open, ensuring that both financial centers are operational for the transaction.

If the Value Date of Forward USD/JPY Transactions Is Declared