Euroyen

Euroyen refers to Japanese yen-denominated deposits held outside of Japan, primarily in international banks or financial markets. It allows investors and institutions to trade and invest in yen without being directly subject to Japan's domestic banking system or monetary policies. Euroyen are often issued as short-term debt instruments or deposits, facilitating international financing and hedging strategies. They are considered a part of the broader Eurocurrency market—foreign currencies deposited outside their home country—providing flexibility, liquidity, and global access to yen for businesses and investors worldwide.