If the exchange rate between the yen and the dollar changes from yen¥9191 = $1 to yen¥8989 = $1, is this good news for Sony? A yen appreciationappreciation is ▼ bad good news for Sony. Part 2 This is ▼ good bad news for U.S. consumers, as Japanese goods become ▼ more less expensive, and ▼ good bad news for U.S. firms, as the dollar has ▼ appreciated depreciated against the yen. Part 3 Because U.S. goods are now ▼ less more expensive, this is ▼ good bad news for Japanese consumers.