Currently a U.S. trader notes that in the 6-month forward market the Japanese y

Currently a U.S. trader notes that in the 6-month forward market the Japanese yen is selling at a premium (that is you receive more dollars per yen in the
forward market than you do in the spot market) while the British pound is selling at a discount. Which of the following statements is CORRECT?
Answer
If interest rate parity holds 6-month interest rates should be the same in the U.S.
Britain and Japan. If interest rate parity holds among the three countries the United States should have the
highest 6-month interest rates and Japan should have the lowest rates. If interest rate parity holds among the three countries Britain should have the highest
6-month interest rates and Japan should have the lowest rates. If interest rate parity holds among the three countries Japan should have the highest
6-month interest rates and Britain should have the lowest rates. If interest rate parity holds among the three countries the United States should have the
highest 6-month interest rates and Britain should have the lowest rates.