The Japanese yen (symbol: ¥) 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.
Yen is pronounced "en" in Japanese. The word literally means "round" in Japanese.
Japanese yen comes in both coins and bank notes. Now exclusively issued by the Bank of Japan, yen bank notes have historically come from a variety of sources, like the Ministry of Finance and the Imperial Japanese National Bank. Since World War II, yen notes have been available in denominations of 1,000, 2,000, 5,000 and 10,000. Yen coinage is made in aluminum, nickel, cupro-nickel, brass, and even gold and silver, although the latter two are primarily collectible and would not usually be used in their 100,000-yen denominations. Owning the currency physically is always an option for the investor, although most invest by trading on forex electronically.
Over the history of investing the Japanese yen, the world has seen the currency lose and gain value.
Coins are available in denominations of 1, 5, 10, 50, 100 and 500 yen and bank notes in denominations of 1,000, 2,000, 5,000 and 10,000 yen.
Yen is pronounced "en" in Japanese. The word literally means "round" in Japanese.
Japanese yen comes in both coins and bank notes. Now exclusively issued by the Bank of Japan, yen bank notes have historically come from a variety of sources, like the Ministry of Finance and the Imperial Japanese National Bank. Since World War II, yen notes have been available in denominations of 1,000, 2,000, 5,000 and 10,000. Yen coinage is made in aluminum, nickel, cupro-nickel, brass, and even gold and silver, although the latter two are primarily collectible and would not usually be used in their 100,000-yen denominations. Owning the currency physically is always an option for the investor, although most invest by trading on forex electronically.
Over the history of investing the Japanese yen, the world has seen the currency lose and gain value.
Coins are available in denominations of 1, 5, 10, 50, 100 and 500 yen and bank notes in denominations of 1,000, 2,000, 5,000 and 10,000 yen.