(1) If the interest rate in Japan is greater than the interest
rate in the United States, other things held constant, according to
interest rate parity, will the Japanese Yen appreciate or
depreciate against US dollar?
(2) If Mexico experiences a hyperinflation (very high inflation)
relative to the US, other things held constant, according to the
parity condition, will the Mexican Peso appreciate or depreciate
against US dollar?