JPY Exchange Rate with Other Currencies

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