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ForexJ

Japanese Yen (JPY)

The Japanese Yen is the official currency of Japan, abbreviated as JPY in forex markets. It is the third most traded currency globally and is often considered a safe-haven asset.

Example

“For example, during global market turmoil in 2020, traders flocked to the yen as a safe-haven, causing USD/JPY to drop from 112 to 101 in just a few weeks.”