JPY (Japanese Yen)

The Japanese Yen (JPY) is the official currency of Japan, used to buy goods, services, and assets within the country. It is one of the world’s most traded currencies and is often regarded as a safe haven during economic uncertainty. The Yen is divided into 100 smaller units called sen, though these are rarely used now. Its value fluctuates based on Japan’s economic health, monetary policies, and global financial markets. As a major currency in international trade and finance, the Yen influences and is influenced by global currency exchange rates.