Question $2$: Can you give me the correct answer please $($pleane no chat Gpt or other AIs, i just want tne expert explaination with CORRECT ANSWER, please$)$

The following information is given to you:

The spot rate for japanese yen is $$0\mathrm{.}009313$

The one$-$year forward rate for japanese yen is $$0\mathrm{.}010475$

The US interest rate is $7\%$

The japanese interest rate is $1\%$

Determine whether interest rate parity holds, and if not, suggest a strategy.