Question: The Spot rate for USD to JPY is $ 1 to Y 1 1 2 . The riskless rate of return for 6 months for

The Spot rate for USD to JPY is $1 to Y112.
The riskless rate of return for 6 months for investing in USD is 2%.
The riskless rate of return for 6 months for investing in JPY is 0.7%.
What is the 6 month Forward Rate of USD to JPY (number of JPY to be received for the payment of $16 months from today)?

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