b. Find the forecasted change in the Japanese yen/ 6.3 Derek Tosh and Yen-Dollar Parity. Derek Tosh is attempting to determine whether U.S./Japanese financial conditions are at parity. The current spot rate is a flat 89.00/$, while the 360-day forward rate is $84.90/$. Forecast inflation is 1.100% for Japan, and 5.900% for the United States. The 360- day euroyen deposit rate is 4.700%, and the 360-day eurodollar deposit rate is 9.500%. a. Diagram and calculate whether international par- ity conditions hold between Japan and the United States. TI