If the spot rate for the yen is currently $118\mathrm{.}52/$$$.$ Using the corresponding interest rates below, what would be the implied $90-$day forward rate for the yen, using the interest rate parity? Annualized $90-$day rates: U$.$S$.2\mathrm{.}0\%$; Japan $0\mathrm{.}6\%$

b$)$ Using the information from the previous problem, suppose a bank quotes you a $90-$day forward rate of $100/$$$.$ How can you make money out of this situation? $($Explain your strategy in detail, and report what is the gain if you put $$1,000,000$ into this trading strategy, assuming you need to borrow the initial investment$).$