If the dollar-yen foreign exchange rate changes from 140 yen per dollar to 130 yen per dollar, which currency appreciated or depreciated?

Question

Answer

The yen depreciated against the dollar, and the dollar appreciated against the yen.

Answer

The yen appreciated against the dollar, and the dollar depreciated against the yen.

Answer

The yen appreciated against the dollar, and the dollar appreciated against the yen.

Answer

The yen depreciated against the dollar, and the dollar depreciated against the yen.

Answer

Neither currency appreciated, but the dollar depreciated against the yen.

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