Currency valuation

The spot rate between the Japanese yen and the US. dollar was 265.83 yen/$ in 1973, when the Breton Woods system collapsed, and 143.35 yen/8 in 1989. The US. CPI moved from 40.3 in 1973 to 117.2 in 1989, while the Japanese CPI moved from 44.0 in 1973 to 104.6 in 1989. According to PPP, was the dollar overvalued or undervalued with respect to the Japanese yen? By how much? The dollar was undervalued; by approximately 52%. The dollar was overvalued; by approximately 52%. The dollar was undervalued; by approximately 34%. The dollar was overvalued; by approximately 34%. Pa!" 53"!\