Hint $\rm\quad x\mid a\,\ (mod\ y)\iff \exists\, j,k\in\Bbb Z\!:\ jx + ky = a\iff y\mid a\,\ (mod\ x).\ $ Hence, for $\rm\:a = 1\!:$
$$\rm x^{-1}\ exists\,\ (mod\ y)\iff x\mid 1\,\ (mod\ y)\iff y\mid 1\,\ (mod\ x)\iff y^{-1}\ exists\ \,(mod\ x) $$
Remark $\ $ Further, recalling that $\rm\,\exists\, j,k\in\Bbb Z\!:\ jx + ky = a\iff (x,y)\mid a$
$$\rm x\mid a\,\ (mod\ y)\iff (x,y)\mid a \iff y\mid a\,\ (mod\ x).$$
which, for $\rm\, a =1,\,$ specializes to the well-known
$$\rm x^{-1}\ exists\,\ (mod\ y)\iff (x,y)\mid 1\iff y^{-1}\ exists\ \,(mod\ x) $$
These are special cases of relations between Bezout's identity and CRT (Chinese Remainder).