2. En Europa se pone de moda vestir camisetas japonesas. ¿Cómo afecta al tipo de cambio yen/euro? 2. In Europe it become...
2. En Europa se pone de moda vestir camisetas japonesas. ¿Cómo afecta al tipo de cambio yen/euro?
2. In Europe it becomes fashionable to wear Japanese T-shirts. How does it affect the yen/euro exchange rate?
Homework Answers
It implies that demand for import has increased significantly. It would increase demand for japanese currency. So yen will appreciate and euro will decrease or depreciate.
Thus yen/euro exchange rate will rise.
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