Japanese yen (JPY)

    By
    Andrey Orlov
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    1060

    The Japanese yen is the official currency of Japan. In the forex market, the yen is the 3rd most traded currency. It is also the 4th most important reserve currency 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