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The Japanese yen is the official currency of Japan. It is abbreviated with the sign ¥, code JPY.The Japanese yen is the third most traded currency in the foreign exchange market ,after the United States dollar, and the euro.It is also the fourth most held reserve currency in global reserves after the U.S. dollar, the euro, and the pound sterling.
Known as the currency of Japan, the Yen, literally meaning “round” or “circle”. Introduced by the Meiji government, the Yen was used to replace the unstable Edo Period system of the mon currency wherein no standard of exchange was outlined. officiated Yen as the Japanese currency in a hope to bring stability to Japan’s rocky currency situation.
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