JPY - Japanese Yen

Get a complete Japanese Yen overview with further information like the Japanese Yen symbol, ticker, exchange rates and more.
Get started
⏳ Register for free ($0.00) within minutes
Facts about the Japanese Yen

Importance of the Japanese Yen

The Japanese Yen (JPY) is the native currency of Japan and is the third-most traded currency in the world. It is considered to be a proxy for all trades done in Asia since China’s currency is still facing flexibility issues. Moreover, its importance lies in the fact that is the fourth most popular reserve currency following the US Dollar, Euro, and Sterling. One of the most important characteristics of the JPY is the zero interest rate which made the Japanese Yen one of the most popular funding currencies. Thus, a potential uncertainty in the markets or if it is an aggressive market crash can drive the JPY to higher levels. This is important since the JPY can show the market’s tolerance for risk.

Introduction of the Japanese Yen

In the 19th century, Japan started a new era by adopting a modernization policy. Part of this was also the establishment of a new currency known as the Yen. In 1871, the Meiji government decided to introduce a common unit of exchange which was designed based on the European Decimal Monetary System. In 1882, the Bank of Japan was created which had a monopoly on the control of the money supply. To maintain the Japanese economy after the Second World War, the currency lost a big part of its value. In the period 1985 until 1988, the JPY faced a tremendous change in its exchange rate from 249 yen per US dollar to 128 yen per USD, boosting Japan’s GDP. However, the Yen’s value started to decrease until 2018 when the CNBC estimated the JPY to be one of the top-performing currencies.

FAQ
What does JPY mean in currency?

The JPY is the abbreviation for the Japanese Yen which is the native currency of Japan. It was first issued in 1871 and it is considered to be the third most traded currency around the globe as well as the fourth most popular reserve currency.

What is the symbol of the Japanese Yen?
What Makes the Japanese Yen Important?
What countries use the Japanese Yen?
Is JPY a good investment?
Japanese Yen Stats
Name
JPY
Symbol
¥ or 円
Minor unit
1/100 = sen
Minor unit symbol
錢 or 銭
Bank notes

Freq Used: ¥1,000, ¥5,000, ¥10,000 Rarely Used: ¥2,000

Forex Investing
Get started with NAGA
Discover FX
Trending FX
Discover most popular FX available on NAGA
Get started
⏳ Digital account opening within minutes
Japanese Yen Exchanges Rates
Need Help? Visit our Help Section

Copyright © 2024 – All rights reserved.

NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.

The website is owned by The NAGA Group AG and operated by NAGA Capital Ltd which is authorised and regulated by the Financial Services Authority Seychelles (FSA) under licence No. SD026. The registered address of CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles.
Tel: +2482574498

The group also includes NAGA Global (CY) Ltd, with registered address at Nikokreontos 2, NICE DREAM, 6th floor, Flat/Office 601, 1066, Nicosia, Cyprus. NAGA Global (CY) Ltd is wholly owned by The NAGA Group AG.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. This is not investment advice. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the Lead Traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.

Restricted countries: NAGA Capital Ltd does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Austria, Barbados, Belarus, Belgium, Bermuda, British Indian Ocean Territory, Bulgaria, Burkina Faso, Canada, Cayman Islands, Central African Republic, Christmas Island, Cocos (Keeling) Islands, Congo, The Democratic Republic of the, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands (Malvinas), Finland, France, Germany, Gibraltar, Greece, Guam, Haiti, Heard Island and McDonald Islands, Hungary, Iceland, Iran, Islamic Republic of, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Korea, Democratic People's Republic of, Latvia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Mali, Malta, Montserrat, Mozambique, Myanmar, Netherlands, New Zealand, Norfolk Island, Norway, Palestinian Territory, Occupied, Pitcairn, Poland, Portugal, Romania, Russian Federation, Saint Helena, Ascension and Tristan Da Cunha, San Marino, Senegal, Serbia, Slovakia, Slovenia, Somalia, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sweden, Switzerland, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom and any other countries where the citizens have British proof of identity (i.e. British Virgin Island, Gibraltar, Isle of Man etc.), United States, U.S. Minor Islands, Vanuatu, Virgin Islands, British, Virgin Islands, U.S., Yemen, and Zimbabwe.