My course work asking this question:

Suppose the dollar exchange rates of the euro and the yen are equally variable. The

euro, however, tends to depreciate unexpectedly against the dollar when the return

of the rest of your wealth is unexpectedly high, while the yen tends to appreciate unexpectedly in the same circumstances. As a U.S. resident, which currency, the euro

or the yen, would you consider riskier?

However instead of U.S: resident it asks for an EU resident, which currency, the dollar or the yen would be riskier?

It would be great if you could help thank you!