It is possible for the dollar to appreciate against the Japanese yen while depreciating against the British pound.

Question

Quizplus · Accepted Answer

The exchange rates between currency pairs are determined by various factors such as political and economic conditions, interest rates, trade flows, and market speculation. Thus, it is possible for the US dollar to appreciate against the Japanese yen due to favorable economic data or higher interest rates in the US, while at the same time depreciating against the British pound due to Brexit uncertainty or weaker economic data in the UK. Therefore, it is possible for the dollar to move in opposite directions against different currencies.

It Is Possible for the Dollar to Appreciate Against the Japanese