The Japanese yen is the official What is currency? Currencies are the generally accepted medi... More. It is also the 4th most important A reserve currency (also known as an "anchor currency") is ... More in the world, after the , the and the .of . In the , the yen is the 3rd most traded
Currency symbol: ¥
Currency shortcut: JPY
Sometimes, when traders speak of “trading the yen”, they refer to the nickname of thebetween the US dollar and the Japanese yen.
Trading the Japanese yen
If you are new to currency trading, we recommend our beginner strategy: