$2.$"The spot exchange rate for Japanese Yen is Yen$103/$$$,$ while the $3$ months forward exchange rate is Yen$98/$$$.$ This implies that"

we cannot make any conclusions about the interest rates in US and Japan based on the given numbers

the $3-$months risk$-$free interest rate in US is lower than that in Japan

the $3-$months risk$-$free interest rate in US is higher than that in Japan

the $3-$months risk$-$free interest rate in US is the same as that in Japan