Please help with a-d and provide explanations

Question #2 Let E! represent the spot exchange rate between the U.S. dollar / Japanese yen ($/yen) today. exp(Er+l) _Er E i Let i be the interest rate of the U.S., 1' i be the interest rate of Japan, and be the market expectation of the Japenese yen (the rate of expected depreciation or appreciation). Answer the following questions: (a) Suppose that the U.S. interest rate is 2% and the Japanese interest rate is 1%. Using the exp(Er+1) _Er . ! Uncovered Interest Rate Parity condition, what is the current value of (b) According to part b, is the Japanese Yen expected to appreciate or depreciate versus the U.S. dollar? (c) The Bank of Japan has recently undertaken a massive quantitative easing policy where it will lower the Japanese real interest rate to 0%. What would happen to 6Xp(EH1) _ E: E ! according to the Uncovered Interest Rate Parity condition? (d) Suppose that exp( EH1) stays the same in part c. What would have to happen to the spot rate E1