If a contractionary monetary policy raises interest rates in the US, what will happen to the value of the US dollar, the value of the Japanese Yen, and the US balance of trade? (Dollar) (Value of Yen) (Balance of Trade)

If a contractionary monetary policy raises interest rates in the US, what will happen to the value of the US dollar, the value of the Japanese Yen, and the US balance of trade? (Dollar) (Value of Yen) (Balance of Trade)

appreciate appreciate toward surplus

no change appreciate toward deficit

appreciate depreciate toward deficit

appreciate appreciate toward deficit

appreciate depreciate toward surplus