Assume the foreign exchange rate for Japanese Yen (JPY) was U.S. $1.00 = 108 JPY last month. This month, the exchange rate is U.S. $1.00 = 105 JPY. This information indicates that over the past month the

A		U.S. dollar appreciated relative to all foreign currencies.
B		Yen depreciated relative to the U.S. dollar.
C		Yen appreciated relative to the U.S. dollar.
D		U.S. dollar remained unchanged relative to Yen.