1. The 90day interest rates (annualized) in the U.S. and Japan are, respectively, 10% and 7%, while the direct spot quote for the yen in New York is $.004300. At what 90day forward rate would interest rate parity hold? a) .004430 b) .004271 c) .004332 d) .004176 1. The 90day interest rates (annualized) in the U.S. and Japan are, respectively, 10% and 7%, while the direct spot quote for the yen in New York is $.004300. At what 90day forward rate would interest rate parity hold? a) .004430 b) .004271 c) .004332 d) .004176