Japanese Yen


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Japanese Yen

The currency of Japan. 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 stabilized by the mid- and late-2000s. It is a common reserve currency, and is one of the most commonly traded currencies in the world.
References in periodicals archive ?
The Greater Fool approach to forecasting the foreign exchange value of the Japanese yen suggests the currency is likely to continue to increase, because the price has increased so sharply in recent months--and the Japanese trade surplus has been increasing.
dollars calculated by reference to decreases in the value of the Japanese yen relative to the U.
Sanryou Estate Kabushiki Kaisha (1) Head office: 16-11, Ogikubo 5-chome, Suginami-ku, Tokyo, Japan (2) Liquidator: Toshiaki Shioda (3) Capital: Japanese yen 50 million (4) Business:
Japanese Yen Volatility Likely on Currency Intervention Threat Fundamental Forecast for Japanese Yen: Neutral - FinMin Fujii Threatens Act on Currency in Case of "Excessive Moves" - Current Account Narrows as Exports Fall Most Since January - Speculative Sentiment Points to Bullish Outlook for Japanese Yen Japanese Yen volatility may surge in the coming week as the currency's recent gains test policymakers' disposition about direct intervention into currency markets.
Chart (Color) Bouncing back The dollar, which was in retreat against the Japanese yen a year ago, is on the rise, climbing to two-year high.
Without immediately apparent remedies for these problems, market Participants anticipated a renewed ascent in the Japanese yen.
securities marketplace to provide a market in single currency warrants on the Japanese yen as well as the Deutsche mark.
For a short while, however, the focus of market attention was the Japanese yen, a currency against which the dollar continued to decline in early January.
The long-term options were recently approved by the Securities and Exchange Commission and enable PHLX to offer 18- and 24-month expirations on its four most active currency options: British pound, Deutsche mark, French franc, and Japanese yen.
Accordingly, the dollar moved up the most against the Japanese yen, which was affected by political uncertainties and weakness in Japan's stock market.
Japanese Yen to Follow Risk Trends as Prices Test Key Resistance British Pound: UK Data, BOE Decision Present Breakdown Potential Swiss Franc Support Looks To Continue Despite SNB Threat Canadian Dollar Confronts its Own Employment Change Data Australian Dollar Rally May Finally Be Losing Steam New Zealand Dollar At Risk of Turn Lower on Extreme Sentiment
On balance, the dollar declined 1-1/4 percent against the German mark and 1/2 percent against the Canadian dollar while rising 4-1/4 percent against the Japanese yen and 5-1/2 percent against the British pound.

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