Direct rates are used for this question.

The spot rate between the U.S. dollar and the Japanese yen is 87.91. A year ago it was 77.73. The spot rate between the U.S. dollar and the euro is .76. A year ago it was .78. The dollar has:

appreciated against both the yen and the euro

depreciated against both the yen and the euro

appreciated against the euro and depreciated against the yen

Depreciated against the euro and appreciated against the yen

none of the above