It was reported in the Financial Times that “Toyota suffers a f20 billion drop in operating profits for every f1 rise (in the exchange rate, yen per dollar) against the dollar.” Does this statement...

It was reported in the Financial Times that “Toyota suffers a f20 billion drop in operating profits for every f1 rise (in the exchange rate, yen per dollar) against the dollar.” Does this statement have implications for transaction, translation, or economic exposure primarily?