9. Joseph Yazzie and Japanese/United States Parity Conditions. Joseph Yazzie is attempting to deter- mine whether U.S./Japanese financial conditions are new parity. The current spot rate is a flat 120.00/$, while the 360-day forward rate is 115.40/$. Forecast inflation is 1.00% for Japan, 5.00% for the United States. The 360-day euro-yen deposit rate is 4.000%, and the 360-day euro-dollar deposit rate is 8.000%. Use the following data to diagram and calculate whether international parity conditions hold between Japan and the United States. What is the forecasted change in the Japanese yen/U.S. dollar (/$) exchange rate one year hence?