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RISK WARNING:

Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

JPY-Japanese Yen

Japan, Yen

JPY - Japanese Yen

The Japanese Yen is the official currency of Japan. It is one of the most traded currencies in the foreign exchange market only trailing behind the United States dollar and the euro. It was adopted by the Meiji government on May 10, 1871, as a more modern Japanese currency system. The Japanese Yen is also a reserve currency alongside other currencies like U.S. Dollar, the Euro, and the British pound. The currency is made up of 100 sen, or 1000 rin and is denoted by ¥. It trades with the currency code JPY. The Japanese Yen is commonly used as a funding currency for carry trades as it's viewed as a low yielding currency. The most actively traded currency combinations involving the JPY include the USDJPY and EURJPY.

The Japanese Yen is issued in coins and bills and is managed by the Bank of Japan. The coins are issued in ¥1, ¥5, ¥10, ¥50, ¥100 and ¥500 denominations while the bills are in ¥1,000, ¥2,000, ¥5,000 and ¥10,000 denominations. Due to the massive trade flows between Japan and other Asian markets, it is considered a proxy for Asian economic strength. Any disruptions within Japan's Asian partners can influence the Japanese economy and ultimately the exchange rate of the yen.

JPY Pairs

Trade Forex, Commodities, Precious Metals, Energies and Equity Indices from 1 Account.

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