If Japanese autos surge in popularity in the United States, then this event is most likely to cause the Japanese yen to

Question

Quizplus · Accepted Answer

When Japanese autos become more popular in the United States, demand for the yen increases because Americans need to exchange more dollars for yen to buy these cars. This increased demand for yen leads to its appreciation, while the increased supply of dollars in the exchange market leads to the depreciation of the U.S. dollar.

If Japanese Autos Surge in Popularity in the United States