The Japanese yen–euro cross rate is one of the more significant currency values for global trade and commerce. The following graph shows this cross rate from when the euro was launched in January 1999 through January of 2015. Estimate the change in the value of the yen over the following four trend periods.

a. Jan 1999–Sept 2000

b. Sept 2000–Sept 2008

c. Sept 2008–Sept 2012

d. Sept 2012–Jan 2015

Transcribed Image Text:

80 Jan-99. May-99 Sep-99 100 Jan-00- May-00 120 Sep-00 Jan-01 May-01 Sep-01 Jan-02. 92 69 132 May-02 Sep-02 Jan-03 May-03 Sep-03 Jan-04- 180 Japanese yen (JPY) = 1.00 European euro (EUR) May-04 Sep-04- Jan-05 May-05 Sep-05 Jan-06 May-06 Sep-06 Jan-07- May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10- May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12. May-12 Sep-12 Jan-13 96. May-13 Sep-13 Jan-14. May-14 Sep-14 Jan-15 168 146 Jan 1, 1999-Jan 31, 2015