In a supply-and-demand diagram for Japanese yen, with the exchange rate in dollars per yen on the vertical axis, the demand schedule for yen is drawn sloping

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The demand schedule for yen is drawn sloping downward because as the exchange rate between the dollar and yen becomes more expensive (moves up the vertical axis), the quantity of yen demanded by U.S. consumers and businesses decreases. This is due to the fact that U.S. goods and services become relatively less expensive for Japanese consumers and businesses as the dollar strengthens against the yen, leading to a decrease in demand for Japanese goods and services and therefore a decrease in demand for yen.

In a Supply-And-Demand Diagram for Japanese Yen, with the Exchange