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Kamada: UIA Japan (B). Takeshi Kamada, Credt Sulse (Tobyo). Observes that the Wis spot rate has been holding steady, and that both dolar and yen

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Kamada: UIA Japan (B). Takeshi Kamada, Credt Sulse (Tobyo). Observes that the Wis spot rate has been holding steady, and that both dolar and yen interest rases have remained relatioly fued models - are predictirg the spot rate to remain close to *118.00s for the coming 180 dayn. Using the das bolow, analyee the UlA potential The USA profi pobential is 5, which telis Takeshi Kamada that he should borrow and invest in the yielding currency. the basis (ULA) (Round to thee decimal places and select from the drop-down menus) If his expectations about the fusues spet rate, the one in eftect in 1 alo days, prove camect, Takeshi Kamada generases at uncovered interest arbitrage (Ui4) profit of I (Round to two decinal places.) of money. (Select from she drop-down menus.)

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