The U S dollar can be exchanged for 118 Japanese yen today T

The U. S. dollar can be exchanged for 118 Japanese yen today. The Japanese currency is expected to appreciate by 9 percent tomorrow. What is the expected exchange rate tomorrow expressed in yen per dollar?

Expected Rate = 118 - 9/100 * 118 = 91/100 * 118 = 107.38 yen

Since the yen is getting stronger as compared to dollar in the market hence the value of number of yen will decreased as compared to the yesterdays value