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Suppose the Japanese Yen is pegged to the USD ($). You think there is a 5% probability that the Japanese Yen will be devalued by

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Suppose the Japanese Yen is pegged to the USD ($). You think there is a 5% probability that the Japanese Yen will be devalued by 10% over the course of the next month. What interest differential would prevent you from speculating by borrowing Japanese Yen and lending USD

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