What is Japanese Yen (JPY)?

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The **Japanese Yen (JPY)** is the official currency of Japan and the third most traded currency in the foreign exchange (FX) market, widely recognized for its historical status as a **safe-haven currency** and its central role in the global **carry trade** due to the Bank of Japan's (BoJ) historically ultra-low interest rate policy.

Japanese Yen (JPY)

What is Japanese Yen (JPY)?

What is the significance of the Japanese Yen's safe-haven status in global finance?

How has the Bank of Japan's Yield Curve Control (YCC) policy impacted the JPY and global markets?

How does the Yen Carry Trade work and what are its global implications?

When and why does the Japanese government intervene in the foreign exchange market to affect the JPY?

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