Japanese Yen

The Japanese Yen (JPY) is the official currency of Japan, represented by the symbol "¥." It is one of the most traded currencies in the world, often viewed as a safe haven during economic uncertainty. Introduced in the late 19th century, the yen plays a crucial role in global finance and is commonly used in international transactions. Its value can fluctuate based on Japan’s economy, government policies, and global market trends. The Bank of Japan, Japan's central bank, manages the currency supply and sets interest rates to influence economic stability.