The Japanese yen (JPY) is the 3rd most traded currency in the world. The issuer is the Bank of Japan.
- Is considered as a “safe haven” currency due to low inflation and high stability of the nation’s economy
- Is characterized by relatively low value against other major currencies due to quite low interest rates
- Is actively involved in trading operations, particularly in Asia.
- Low exchange rate of the national currency was historically favored by the government, supporting exporters and contributing to economic growth