Japanese Yen

The Japanese Yen (JPY) is the official currency of Japan. With the symbol ¥, it is managed by the Bank of Japan (BOJ). The currency was introduced in 1871 and is subdivided into 100 Sen (rarely used). It's commonly known by its nickname "Yen".

Rates updated Sep 21, 2026, 08:00 PM UTC. Over the last 90 days, 1 JPY ranged from 0.006103 to 0.006522 USD (+2.74%).

Currency Name

Japanese Yen

Currency Code

JPY

Symbol

¥

Country

Japan

Central Bank

Bank of Japan (BOJ)

Introduced

1871

Subunit

1/100 Sen (rarely used)

ISO Numeric Code

392

The Japanese Yen was established in 1871 during the Meiji government as part of Japan's modernization efforts. The name 'yen' means 'circle' or 'round object' in Japanese. After World War II, the yen was fixed at 360 per dollar until 1971.

The Yen is the third most traded currency in the forex market and a major reserve currency. It's often considered a 'safe-haven' currency, with investors moving to yen during times of global economic uncertainty.

Japan has the third-largest economy in the world, and the yen plays a vital role in Asian and global trade. It's widely used in carry trade strategies due to Japan's historically low interest rates.

• 1Japanese yen coins have holes to help visually impaired people identify them
• 2Japan rarely uses coins smaller than 1 yen
• 3The yen is considered a 'safe haven' currency during market turbulence