JPY (Japanese Yen)

JPY is the official currency of Japan, designated by the symbol ¥ and the ISO 4217 code JPY. More than just the money used in the Land of the Rising Sun, the yen is a heavyweight in the global financial system. It stands as the third most-traded currency on the Forex (Foreign Exchange) market, trailing only the U.S. dollar and the euro. For investors, the yen's most famous characteristic is its status as a premier safe-haven asset. When global economic storms gather and panic sets in, investors often dump riskier assets and flock to the perceived safety of the yen, causing its value to rise. This behavior is deeply rooted in Japan's history as the world's largest creditor nation and its political stability. The currency is managed by the