On March 11, 2011 a devastating earthquake and subsequent tsunami struck Japan, causing widespread destruction. Very often, people associate "bad event = currency depreciation". This is not always logical. Immediately following the earthquake, the value of the Yen spiked up to 75 ($0.0133 / ). A suggested primary reason was the repatriation of insurance proceeds. In order to pay insurance claims, insurers had to sell off assets held abroad and bring the proceeds to Japan. In late 2011, you are approached by the HP Inc CFO. He is asking you to assist with a negotiation with Canon. HP stands to lose quite a bit of printer profitability with the Yen at 75. He suggests that HP Inc. renegotiate the contract with Canon to be dollar-based.Assume that your recommendation to the CFO was to NOT renegotiate, as you anticipated the Yen to depreciate in value.What sort of hedging strategy(ies) might you decide to engage and why?Your response should include both transaction exposure (financial hedging) and economic exposure (operational hedging)