Real$-$Time Data Analysis Exercise$*$

In October $2024,$ the exchange rate between the Japanese yen and the U$.$S$.$ dollar expressed in terms of yen per dollar was $149\mathrm{.}89=$$$1.$ The exchange rate expressed in terms of dollars per yen is

$$ dollars per yen. $($Enter your response rounded to four decimal places.$)$

$*$Real$-$time data provided by Federal Reserve Economic Data $($FRED$),$ Federal Reserve Bank of Saint Louis

Suppose that the exchange rate between the dollar and the euro was $0\mathrm{.}904$ per dollar in July $2023$ and $0\mathrm{.}922$ per dollar in July $2024.$

From July $2023$ to July $2024,$ the euro

A$.$ appreciated against the dollar because fewer euros are needed to purchase one dollar.

B$.$ appreciated against the dollar because more euros are needed to purchase one dollar.

C$.$ depreciated against the dollar because more euros are needed to purchase one dollar.

D$.$ depreciated against the dollar because fewer euros are needed to purchase one dollar.