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The USD depreciates 6% versus the JPY. The USD depreciates 4% versus the MXN. What is the approximate appreciation or depreciation we should see in

The USD depreciates 6% versus the JPY. The USD depreciates 4% versus the MXN. What is the approximate appreciation or depreciation we should see in the JPY/MXN cross exchange rate? The JPY/MXN cross rate should about percent The first blank should have either "appreciate" or "depreciate" in it and the second blank should have an integer in it since we are just approximating Hint: Focus on the base currency. Think in terms of the MXN
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The USD depreciates 6% versus the JPY. The USD depreciates 4% versus the MXN. What is the approximate appreciation or depreciation we should see in the JPY/MXN cross exchange rate? The JPY/MXN cross rate should about percent The first blank should have either "appreciate" or "depreciate" in it and the second blank should have an integer in it since we are just approximating Hint: Focus on the base currency. Think in terms of the MXN

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