Suppose the exchange rate between the US and Japan changed from $1 = 100 yen to $1 = 90 yen. In this scenario, the yen _______ and the US dollar _______.

Name: Suppose the exchange rate between the US and Japan changed from $1 = 100 yen to $1 = 90 yen. In this scenario, the yen _______ and the US dollar _______.
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The yen appreciated because it now takes fewer yen to buy one US dollar. Conversely, the US dollar depreciated because it now buys fewer yen.

Suppose the Exchange Rate Between the US and Japan Changed