Japan Currency Symbol (¥)

The yen is the official foreign money of Japan. It was launched in 1871 and allowed to freely float at 1973. The yen is the third main reserve foreign money after the greenback and the euro. The yen is taken into account secure foreign money; due to this fact, it’s sought by merchants in occasions of uncertainty and instability. Low rates of interest in Japan (close to zero), mixed with excessive liquidity of the foreign money, make the yen used within the following known as carrying commerce.  Read more