Currently, Interest rate in the US is 3% and interest rate in Japan is 5%. ccording to the IRP, which of the following is correct? . in forward market, the value USD should be higher than the value of USD in spot market by about 296. n other words, USD should exhibit a forward premium of about 2% over JPY in forward market, the value JPY should be higher than the value of JPY in spot market by about 29%. n other words, JPY should exhibit a forward premium of about 29% over JPY . the value of USD in spot market will rise by about 2% against JPY in the future. . the value of JPY in spot market will rise by about 29% against USD in the future

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