Currency Overview

Currency NameJapanese Yen
SymbolΒ₯
CodeJPY
Issuing AuthorityBank of Japan
Used InJapan

Brief History

The Japanese Yen was introduced in 1871 as part of the Meiji government's modernization program. It is the third most traded currency in the world and is widely used as a reserve currency, particularly in Asia.

Global Role

The JPY is the third most traded currency globally and a major reserve currency. It is considered a safe-haven currency that investors flock to during times of economic uncertainty.

Live Exchange Rates

JPY against major world currencies

Common Use Cases

Japan travelAsian tradeSafe-haven investmentStudy in JapanElectronics purchasesRemittance to Japan

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Frequently Asked Questions about JPY

JPY stands for Japanese Yen, the official currency of Japan. It is the third most traded currency in the world and is considered a safe-haven asset.

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