If the U.S.dollar price of one Japanese yen was $0.009 in 1997 and $0.011 in 2001, then the reciprocal exchange rate adjusted from $1 = ¥111.1 in 1997 to $1 = ¥90.9 in 2001.This implies that over this time period, the U.S.dollar experienced a depreciation relative to the Japanese yen.

Question

Quizplus · Accepted Answer

The U.S. dollar price of the yen increased from $0.009 to $0.011, meaning it took fewer yen to equal one dollar, indicating the dollar depreciated relative to the yen.

If the USDollar Price of One Japanese Yen Was $0