Japanese Australia Parity Conditions. William Leon is attempting to determine whether Japanese and Australian financial conditions are at parity. The current spot rate is a flat 108.44 / A$, while the one-year forward rate is 106.55 / A$. Forecast inflation is 5.01% for Japan and 6.93% for the Australia The one-year Japanese yen deposit rate is 8.01%, and the one-year Australian dollar deposit rate is 9.93%. a. Find the forecasted change in the Japanese yen/Australian dollar ( / A$) exchange rate one year from now b. Diagram and calculate whether international parity conditions hold between Japan and Australia. ACE a. Find the forecasted change in the Japanese yen/Australian dollar ( / A$) exchange rate one year from now. The forecast change in spot exchange rate is %. (Round to two decimal places.)