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Suppose that the exchange rate of Japanese Yen is 108.12/$ today (indirect quote). US dollar is expected to depreciate against Yen by 3.5% in the
Suppose that the exchange rate of Japanese Yen is 108.12/$ today (indirect quote). US dollar is
expected to depreciate against Yen by 3.5% in the next month? What is the expected Yens rate next
month in direct and indirect quotes?
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