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Japanese Yen

Japanese Yen Rates

For a live quote on the Japanese Yen, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Yen Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.

 

Recent Trading Range

In 2011, the Japanese Yen traded between 117.7 and 139.19 against the Pound.

 

Latest Yen Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on Money Transfers to Japan, including timescales and information needed to make your transfer.


Overview - JPY

The Japanese Yen is the currency used in Japan and its ISO code is JPY. It is the third most traded currency in the foreign exchange markets behind the US Dollar and Euro. It is also often used as a reserve currency (this is when a currency is held by governments or institutions in significant quantities as foreign exchange reserves) along with the US Dollar, British Pound and Euro.

 

One of the main factors that affects the Japanese Yen is the carry trade, where investors borrow a low yielding currency and exchange to a high yielding currency. With the Japanese Central Bank ( Bank of Japan) maintaining extremely low interest rates investors have been borrowing Yen and investing in other countries. This practice has helped keep the value of the Yen low compared to other countries currencies.

 

With notes ranging from 1,000 Yen to 10,000 Yen the currency can also be found in coin format from 1 Yen through to a 500 Yen coin, which is the highest valued coin to be used worldwide with a value of over £4. Due to its high value the coin was a target of counterfeiters and in 2000 a new series of coins were introduced with various security features.

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