Japanese Yen (JPY)

The Japanese Yen (JPY) is the official currency of Japan, used for everyday transactions, savings, and investments within the country. It is one of the world’s major currencies, frequently traded in foreign exchange markets. The Yen is subdivided into 100 smaller units called "sen," though these are rarely used today. Issued by Japan’s central bank, the Yen reflects Japan’s economic health and monetary policy. Its value fluctuates relative to other currencies based on factors like economic performance, interest rates, and global market conditions. The Yen is recognized globally and plays a crucial role in international trade and finance.