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 108.494 0.009
Euro 117.238 0.009
British Pound 133.119 0.008
Canadian Dollar 76.358 0.013
Australian Dollar 65.034 0.015

Japanese Yen Tweets

Japanese Yen added 1 tweet
2020-03-27 09:39:21 UTC
U.S. DOLLAR / JAPANESE YEN (USDJPY) Weekly https://t.co/1itIZwXan6 https://t.co/4APAOj6CEO
Japanese Yen added 1 tweet
2020-03-27 09:39:08 UTC
U.S. DOLLAR / JAPANESE YEN (USDJPY) Weekly https://t.co/6MvpyQvXmn 🚀1X2T Token about to Mo0n? ⟶… https://t.co/DZV4zsHGra
Japanese Yen added 1 tweet
2020-03-27 09:21:10 UTC
RT @corgiya: @bamiromi Let's call overseas. Japanese politicians don't decide forever for benefits of 12,000 yen or 100,000 ye… https://t.co/Q6gVmSz6hs
Japanese Yen added 1 tweet
2020-03-27 09:19:35 UTC
RT @corgiya: @bamiromi Let's call overseas. Japanese politicians don't decide forever for benefits of 12,000 yen or 100,000 ye… https://t.co/Q6gVmSz6hs
Japanese Yen added 1 tweet
2020-03-27 09:16:32 UTC
USD/JPY fall also related to fiscal year-end yen buying - Japanese brokerage firm https://t.co/cRDp1m1siy https://t.co/nLWYkRaCSN
Japanese Yen added 1 tweet
2020-03-27 08:49:01 UTC
@scitydreamer @blahpers @RinChupeco Furthermore, the bells in Animal Crossing are an equivalent of the Japanese yen… https://t.co/iVtGwfHZes
Japanese Yen added 1 tweet
2020-03-27 08:28:03 UTC
USD/JPY fall also related to fiscal year-end yen buying - Japanese brokerage firm https://t.co/NCFBRfhomn
Japanese Yen added 1 tweet
2020-03-27 08:17:47 UTC
#Japanese check their ¥12000 yen voucher subsidy as Americans complain $1200 isnt enough for them
Japanese Yen added 1 tweet
2020-03-27 08:11:20 UTC
RT @ProZD: Documental is my new favorite show, throw ten japanese comedians in a room for six hours, they each bring one milli… https://t.co/fhI54Se3zS

Japanese Yen Videos

The best way to get YEN when you are traveling to Japan is from Japanese ATMs. In particular, ATMs from the Japan Post Office, ...
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 ...
Exactly the new way that can continue earning even without knowledge→ https://line.me/R/ti/p/%40miatrade Hey! This time I test it ...
This week, DailyFX Analyst Daniel Dubrovsky discussed the outlook for Japanese Yen in USD/JPY, AUD/JPY and GBP/JPY using ...
Investors and asset managers have a "huge appetite" for risk at the moment, says Stuart Oakley of Nomura.
The market is still reacting positively to the safe haven status of the Japanese yen despite the currency not being a strong ...
Big risk shocks to the market help resolidify the Japanese Yen's safe-haven status, says Societe Generale's Head of Asia ...
With the announcement of the new Japanese era, Reiwa, Japan Ministry of Finance declared new ¥10000, ¥5000 and ¥1000 bills ...
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Japanese Yen News

OKCoin to launch in Japan after obtaining license
OKCoin to launch in Japan after obtaining license

OKCoin has expanded its reach in Japan, completing its registration as a Virtual Currency Exchange Service Provider with the Kanto Local Finance Bureau.

3 days conditional neutral
The Weekly Wrap – COVID-19 and Dire Data Weigh on Riskier Assets

FXEmpire.com - The Stats It was a particularly busy week on the economic calendar, in the week ending 3rd April.

about 6 hours subjunctive neutral
Japan Stocks end mixed after weak BOJ Tankan

Read more about Japan Stocks end mixed after weak BOJ Tankan on Business Standard. Total 22 issues of 33 industry category of Topix index dived into negative territory, with Air Transportation, Transportation Equipment, Iron & Steel, Metal Products, and Marine Transportation issues being notable losers, while Mining, Insurance,

1 day indicative negative
Dollar climbs on safe-haven bids; shrugs off horrible jobs number

The dollar firmed against major currencies for a third straight day on Friday, as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus outbreak.

1 day conditional neutral
Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens

The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood

4 days conditional positive

Japanese Yen Currency converter

Japanese Yen Exchange rates

100 INR to AUD
Brisbane, Commonwealth of Australia.
100 EUR to INR
Delhi, Republic of India.
100 GBP to INR
Guwahati, Republic of India.
100 HKD to IDR
Central, Hong Kong Special Administrative Region.
1 INR to USD
Shenzhen, People’s Republic of China.
100 AUD to IDR
Manado, Republic of Indonesia.
7306 AED to INR
Abu Dhabi, United Arab Emirates.
5000 AZN to USD
Mercin, Republic of Turkey.
10000000 INR to EUR
Apeldoorn, Kingdom of the Netherlands.
6000 TWD to IDR
Chang-hua, Taiwan.
100000000 IDR to MYR
Kuala Lumpur, Malaysia.
100 INR to ZAR
Durban, Republic of South Africa.
100 VEF to USD
Chicago, United States.
36 USD to CNY
Taizhou, People’s Republic of China.
50 MYR to INR
New Delhi, Republic of India.
1000 KRW to IDR
Jakarta, Republic of Indonesia.
1 QAR to INR
Doha, State of Qatar.