If the exchange rate between the yen and the dollar changes from yen¥8989 ?= $1 to yen¥7272 ?= $1, is this good news for? Sony? A yen appreciationappreciation is ? news for Sony. Part 2 This is ? good bad news for U.S.? consumers, as Japanese goods become ? more less ?expensive, and ? bad good news for U.S.? firms, as the dollar has ? depreciated appreciated against the yen. Part 3 Because U.S. goods are now ? less more ?expensive, this is ? good bad news for Japanese consumers.