Japanese Yen Overview

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

Japanese Yen to USD Exchange rates Chart

Japanese Yen to USD Exchange rates Chart

Japanese Yen Exchange rates Table

Exchange Japanese Yen You buy JPY You sell JPY
US Dollar 107.463 0.009
Euro 120.945 0.008
British Pound 134.106 0.007
Canadian Dollar 79.056 0.013
Australian Dollar 74.281 0.013

Japanese Yen Tweets

Japanese Yen added 1 tweet
2020-06-25 21:29:03 UTC
@FinPlanKaluAja1 Dollar rises.. asian currencies fall... Australian dollars, new Zealand etc will fall... Japanese yen will rise..
Japanese Yen added 1 tweet
2020-06-25 21:55:18 UTC
The prosecutor decides that this "bank transfer" is "a reward of 300,000 yen" from "Kin Gungaku." The prosecutor is… https://t.co/WXZTVFvlV0
Japanese Yen added 1 tweet
2020-06-25 21:53:57 UTC
Disaster Capitalism = buying up assets cheaply https://t.co/rQyPIlsnPO Traditionally, sterling has been part of th… https://t.co/fYITjmvciH
Japanese Yen added 1 tweet
2020-06-25 21:47:39 UTC
@amolaspanties It cost was 3700 Japanese yen. 3700 Japanese yen is 25.47 GBP(Today's exchange rate).
Japanese Yen added 1 tweet
2020-06-25 21:42:21 UTC
RT @JapanToday: Toyota, 3 major banks invest ¥8 billion to back space industry: Toyota Motor Corp and three major Japanese banks ha… https://t.co/hKvFpCx1Sd
Japanese Yen added 1 tweet
2020-06-25 21:40:07 UTC
Toyota, 3 major banks invest ¥8 billion to back space industry: Toyota Motor Corp and three major Japanese banks ha… https://t.co/hKvFpCx1Sd
Japanese Yen added 1 tweet
2020-06-25 21:27:39 UTC
RT @shmups: Terarin Games' doujin vert Missile Dancer is now available on the Japanese Switch eShop w/ multi-language support,… https://t.co/Tc6hoMvs60
Japanese Yen added 1 tweet
2020-06-25 21:17:41 UTC
@dorelnelu: 'STABLECOINs Multi-Currency Account allows you to have savings in Euros, Dollars, Pound Sterling, Swiss… https://t.co/lpsP4HLaN0
Japanese Yen added 1 tweet
2020-06-25 21:06:06 UTC
RT @ReconAsia: Japanese telecommunications group NTT announced Thursday that it will invest 64.5 billion yen in IT services group… https://t.co/SJtuQcgjUl

Japanese Yen Videos

English: Since I feel that I didn't really show them off that well in the video where I received them from the Tesco Bureau de ...
I had to figure out how to utilize some Japanese 1 Yen coins that Mattv2099 sent us after he quit making videos. The coins ...
Japan is an island country located in East Asia. Japan encompasses a stratovolcanic archipelago of about 6852 islands, with five ...
How To Use The Japanese Currency Exchange Machine? We kept seeing these currency vending machines everywhere in ...
It's easy to calculate. How to get kimono with cheep price! 着物は古着屋さんで https://youtu.be/LKmloQe2_qI kinds of kimono and ...
A great surface tension demonstration, these real Japanese 1 Yen coins are made from aluminum and can be made to float on the ...
Japanese currency uses a variety of coins. Some are quite valuable so be sure to hold on to them! #japaneseyen ...
The market is still reacting positively to the safe haven status of the Japanese yen despite the currency not being a strong ...

Japanese Yen News

USD/JPY Price Forecast – US Dollar Quiet Against Japanese Yen

The US dollar has gone back and forth during the trading session on Thursday, as the Federal Reserve has announced a massive liquidity measures to buy just about everything that isn’t nailed to the floor.

3 months conditional negative
Why Japanese yen is still one of the safest places to park your money in a market crash

As the sun sets on world markets, rumours of the death of investors' favourite safe haven have been much exaggerated.

3 months indicative positive
USD/JPY Price Forecast - US Dollar Pulls Back Against Japanese Yen

The US dollar has pulled back a bit against the Japanese yen during trading on Wednesday, showing signs of weakness yet again. It is a simple continuation.

about 1 month conditional neutral
USD/JPY Price Forecast - US Dollar Finding Support Against Japanese Yen

The US dollar has initially fallen against the Japanese yen, only to turn around and rally again.

28 days conditional positive
Yen's safe-haven status under siege as Japan's economy sputters

The yen's status as a safe haven is coming under pressure as unease grows about the rising number of coronavirus cases in Japan, against the backdrop of a stuttering domestic economy.

28 days conditional neutral
A falling yen may not be the economic cure Japan seeks
A falling yen may not be the economic cure Japan seeks

Fallout from the coronavirus outbreak may finally lift the curse of the safe-haven yen for Japan, but policymakers fear fiscal laxity could lead to a freef

21 days conditional positive
Australian shares drop $50 billion amid Qantas cuts, coronavirus fears

The ASX follows global markets sharply lower amid rising coronavirus cases and fears of further lockdowns in the US. Travel stocks tumble after Qantas announces job cuts and grounded aircraft.

7 days conditional negative

Japanese Yen Currency converter