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1. Use the table link containing economic, financial, and business indicators to answer the following questions. Calculate the country's Misery Index (unemployment+inflation) and then use
1. Use the table link containing economic, financial, and business indicators to answer the following questions. Calculate the country's Misery Index (unemployment+inflation) and then use it like an interest differential to forecast Japanese yen/U.S. dollar exchange rate in one year. Spot rate is 109 Yen for 1 USD. Table 1.pdf
A. 117.50 Yen per USD
B. 115 Yen per USD
C. 110 Yen per USD
D. 100.90 Yen per USD
Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts
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