Your company imports video equipment from Japan to sell in the
United states. The exchange rate
fluctuations over the past year have had a significant impact on
your bottom line. In preparing an
annual report for your company, you would like to include a one
year currency chart showing the
movement of the U.S dollar versus the Japanese yen.
Describe the pattern you see. Over the past year, has the dollar
gained or lost ground versus the yen?
The USD vs Yen startes with USD appreciation when range was within 109 to 113Yen however the trend started reversing with USD depreciation as Yen appreciated to 107 after March to May 2020 when the Coronavirus pandemic peaked and after which Yen appreciated sharply to 104 as of now due to an expansionary monetary policy by Us Fed by keeping zero interest rates.
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