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

JPY to USD exchange rates chart

Japanese Yen exchange rates table

Exchange Japanese Yen Buy JPY Rate Sell JPY Rate
British Pound 140.772 0.007
Euro 120.298 0.008
Australian Dollar 73.987 0.014
Canadian Dollar 82.178 0.012
US Dollar 108.584 0.009

Japanese Yen news tweets

Japanese Yen added 1 tweet
2019-11-19 03:42:40 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-19 03:35:43 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-19 03:25:37 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-19 03:19:51 UTC
Shinzo Abe Supporters Association violates the Public Office Election Law. Voters were invited to a first-class ho… https://t.co/VDZXNXmUvw
Japanese Yen added 1 tweet
2019-11-19 03:16:15 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-19 03:14:02 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-18 19:31:01 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-18 19:20:22 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1
Japanese Yen added 1 tweet
2019-11-18 19:18:07 UTC
RT @ifsmagazine: Nobunari Oda has filed a lawsuit against Japanese coach Mie Hamada for 11 million yen claiming her harassment force… https://t.co/jHKiybk9i1

Japanese Yen news videos

Guide to money in Japan - 5 things to know before your trip! Should you take cash or cards, where to get Japanese Yen and lots of ...
Hello friends, welcome to my Youtube channel, whose name is online Jaidev, here I will give you information about the price of all ...
#ChrisNena #Japanmoney #Japanlife Hello everyone welcome to our channel if u are new here Just hit the SUBSCRIBE Button ...
What currency do you use in your country? Do you know how to say it in Japanese? Can you say how much Japanese yen we ...
I had to figure out how to utilize some Japanese 1 Yen coins that Mattv2099 sent us after he quit making videos. The coins ...
This is the best video to get started with Japanese culture and Japanese basics! And if you want to study more, click here ...
How much is your daily allowance? How much do you spend every month? Let's ask Japanese and find out!Click/tap on the top ...
A closer look at my collection of coins from Japan and South Korea (i hope i got these ones right, one of my Japanese coins ...
These are rare coins of Japan. Japanese currency is known as "Yen" and it's third most traded currency in the foreign exchange ...

Japanese Yen news texts

Stocks stumble to more records on conflicting trade reports
Stocks stumble to more records on conflicting trade reports

In the stock market, it's all about trade now.

11 days indicative negative

Japanese Yen currency converter

Japanese Yen exchange rates

100 TMT to EUR
Hailsham, United Kingdom of Great Britain and Northern Ireland.
100 EUR to RUB
Moscow, Russian Federation.
40000000 IDR to GBP
Stockport, United Kingdom of Great Britain and Northern Ireland.
1 USD to BZD
Santa Monica, United States.
100 PHP to USD
Malmö, Kingdom of Sweden.
1 CAD to CLP
Toronto, Canada.
1 EUR to INR
Kirkland, United States.
100 USD to PEN
Houston, United States.
1 CAD to TRY
Brampton, Canada.
100 USD to HUF
Canoga Park, United States.
1 USD to BRL
Denver, United States.
50 MYR to EUR
Miri, Malaysia.
100000 IDR to INR
Chennai, Republic of India.
100 USD to PHP
Las Vegas, United States.
5 RUB to USD
Ahmedabad, Republic of India.
220000 ZAR to TWD
Johannesburg, Republic of South Africa.
100 AUD to IDR
Aspley, Commonwealth of Australia.