JPYX
The Japanese Yen (JPY, ¥) is the official currency of Japan and one of the most traded currencies in the world. It is often used as a safe-haven currency in times of economic uncertainty.
Here are some key details about the Japanese Yen (JPY):
• Currency Code: JPY
• Symbol: ¥
• Issued by: Bank of Japan (BoJ)
• Subunit: 1 yen = 100 sen (though sen is rarely used)
• Most Traded Pairs: USD/JPY, EUR/JPY, GBP/JPY, and AUD/JPY
• Monetary Policy: Controlled by the Bank of Japan, which often keeps interest rates low to stimulate the economy.
• Economic Influence: The yen’s value is affected by Japan’s exports, interest rates, inflation, and global market trends.
Here are some key details about the Japanese Yen (JPY):
• Currency Code: JPY
• Symbol: ¥
• Issued by: Bank of Japan (BoJ)
• Subunit: 1 yen = 100 sen (though sen is rarely used)
• Most Traded Pairs: USD/JPY, EUR/JPY, GBP/JPY, and AUD/JPY
• Monetary Policy: Controlled by the Bank of Japan, which often keeps interest rates low to stimulate the economy.
• Economic Influence: The yen’s value is affected by Japan’s exports, interest rates, inflation, and global market trends.
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