Assume that interest rate parity exists. One year ago, the spot rate of the euro was $1.41, and the spot rate of the Japanese yen was $0.009. At that time, the one-year interest rate of the euro and the Japanese yen was 4 percent, and the one-year U.S. interest rate was 6 percent. One year ago, you used the one-year forward rate of the euro to derive a forecast of the future spot rate of the euro and the yen one year ahead. Today the spot rate of the euro is $1.23, while the spot rate of the yen is $0.008. Which currency did you forecast more accurately? [Calculate the forecast error as the ratio of the difference between the actual exchange rate and the forecasted exchange rate to the actual exchange rate.] Use a minus sign to enter a negative value, if any. Do not round intermediate calculations. Round your answers to two decimal places. Euro forecast error: % Yen forecast error: % The was forecasted more accurately