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Suppose you don't know what the price level in the US or Japan, but you know that US inflation is likely to 3.5% and Japan
Suppose you don't know what the price level in the US or Japan, but you know that US inflation is likely to 3.5% and Japan inflation is likely to be -1.5% over the next year. What rate of appreciation / depreciation of the JPY do you expect against the USD? Group of answer choices 5.00% JPY appreciation 5.08% JPY appreciation 5.00% JPY depreciation 2.00% JPY depreciation
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