The Canadian dollar (CAD) exchange rate with the Japanese yen (JPY) changes from JPY/CAD 75 to JPY/CAD 78. The CAD has:

A.Depreciated by 3.8%,and the JPY has appreciated by 4.0%.

B.Appreciated by 3.8%,and the JPY has depreciated by 4.0%.

C.Appreciated by 4.0%,and the JPY has depreciated by 3.8%.