JPY


Also found in: Acronyms.

JPY

The ISO 4217 currency code for the Japanese Yen.

JPY

ISO 4217 code for the Japanese yen. It was introduced by the Meiji government in 1871. The yen decimalized the previously used Tokugawa currency. It was originally pegged to gold (smaller units were pegged to silver). Following World War II, the yen switched its peg to the U.S. dollar through the Bretton Woods System. In 1971 the yen began to float because it had become undervalued and because the United States left the Bretton Woods System. The currency suffered from exceptionally low value in the wake of the Asian financial crisis but had stabilized by the mid- and late-2000s. Along with being a common reserve currency, it is one of the most commonly traded currencies in the world.
References in periodicals archive ?
using its contacts with several JPY LIBOR panel banks that did not participate in the infringements, with the aim of influencing their JPY LIBOR submissions (UBS/RBS 2007, Citi/DB 2010 and Citi/UBS 2010 infringements); and
Contributions of JPY 30m will be made each year over 3 years starting in June 2014, totaling JPY 90m.
To date, more than JPY 500m (USD 5m) in grants have been invested to support immediate relief and recovery efforts.
His comments spurred the JPY to rise against the USD.
In 2012, the JPY hit an all-time high against the USD, which hurt major Japanese exporters like Sony, Canon, and Toyota.
The estimated 68 trillion JPY B2B market in Japan represents the next global expansion opportunity for ICG.
25 trillion surplus in March topping economist expectation calling for a surplus of JPY 1.
Summary: JPY has fallen to fresh lows for the session, making a calendar-day low versus the EUR, GBP and AUD, amongst other currencies.
The JPY has made fresh trend lows against some "risk currencies" today, with AUD-JPY, for instance, making a near four-week peak of 78.
Summary: The Asian session was dominated by a strong bout of selling of JPY against both the USD and EUR with hedge and model funds behind the move which was also.
Summary: The market remained in risk seeking territory, which weighed on the USD and JPY.
Summary: The dollar and JPY saw some slight gains during the Asian session though overall, the USD remains near recent lows.