Japanese yen (JPY)

July 23, 2018

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The Japanese yen is the official currency of Japan. In the forex market, the yen is the 3rd most traded currencyWhat is currency? Currencies are the generally accepted medi... More. It is also the 4th most important reserve currencyA reserve currency (also known as an "anchor currency") is ... More in the world, after the US dollar, the euro and the pound sterling.

Currency symbol: ¥
Currency shortcut: JPY

Sometimes, when traders speak of “trading the yen”, they refer to the nickname of the currency pair between the US dollar and the Japanese yen.

Trading the Japanese yen

If you are new to currency trading, we recommend our beginner strategy:

Forex trading beginner strategy

The most traded currency pairs containing the Japanese yen:

US dollar and Japanese yen:	USD/JPY
euro and Japanese yen:	EUR/JPY
British pound and Japanese yen:	GBP/JPY

Learn more about all aspects of currency trading:

Forex trading