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difference, if EUR/TRL exchange rate decreases by 150 pips in Turkish Liras? 3) (20 points) Suppose USD/JPY exchange rate is 100 today (IUSD=100JPY). If historical

difference, if EUR/TRL exchange rate decreases by 150 pips in Turkish Liras? 3) (20 points) Suppose USD/JPY exchange rate is 100 today (IUSD=100JPY). If historical yearly average return (u) on USD/JPY is 1% and variance (o?) of yearly returns is 0.0049, assuming returns are normally distributed, what is the probability that USD/JPY exchange rate will be higher than 110 next year

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