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Suppose that the Exchange Rate between US$ and The Japanese Yen goes from Yen-$1/100 to Yen-$1/50

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Suppose that the Exchange Rate between US$ and The Japanese Yen goes from Yen-$1/100 to Yen-$1/50. According to the elasticity approach to the current account...

What will happen to the Current Account Balance depends on the elasticity of imports in the US and in Japan. We would be sure that the Current Account Balance in the US will improve if the elasticity of imports both in Japan and in the US was greater than 1

The Current Account Balance will improve in the US, since imports from the Japan are more expensive and exports to Japan are less expensive

The Current Account Balance will improve in Japan, since imports from the US are more expensive and exports to the US are less expensive

What will happen to the Current Account Balance depends on the elasticity of imports in the US and in Japan. We would be sure that the Current Account Balance in Japan will improve if the elasticity of imports both in Japan and in the US was greater than 1