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Japanese language yen. It is also widely used as a reserve currency after the u s. The concept of the yen was a component of the late 19th. Due to its relatively low interest rates the japanese yen is often used in carry trades with the australian dollar and the us dollar a carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher. There is a case where it can still sound like yen in modern toukyou area japanese and that s after ん.
All japanese currency made up of both bills and coins is known as yen the word comes from the japanese word 円 en which means round referring to the round shape of the coins first used by the japanese people in ancient times unlike the american dollar sign which is put in front of a money amount i e. Importance of the japanese yen the japanese yen is the third most traded currency in the world and the most heavily traded currency in asia. Also abbreviated as jp is the official currency of japan it is the third most traded currency in the foreign exchange market after the united states dollar and the euro. Dollar the euro and the u k.
Sjiveru jun 11 16 at 2 51. The four current banknotes of the japanese yen 1000 yen 2000 yen 5000 yen and 10000 yen have formal numbers 千 弐千 五千 and 壱万 respectively.
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