The spot and forward rates for the Japanese yen are:
Spot: $0.008415/Y (Y118.84/$)
1-month: $0.008446/Y (Y118.40/$)
3-month: $0.008508/Y (Y117.54/$)
Supply the forward yen premium or discount (specify which it is) for both the 1-month and 3-month quotes as an annual percentage rate.