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Japanese yen
Japanese yen – the monetary unit of Japan, considered the world's second largest after the U.S. dollar a safe – haven currency. In Russia, the Japanese currency is called "yen" and "yen" (JPY). Appeared the yen in 1871, is designed to replace the complex monetary system of those times. In the Edo period used gold, silver, paper, copper moneys. The name of the modern currency of Japan is obliged to form "al" which means round. The previous coins were of different shapes, including oval, oblong and so on. Global recognition JPY was only in 1953, when the IMF approved a parity 2.5 milligrams of gold. In subsequent years, the weight of the Japanese national currency pegged to the dollar, which grew.
Today in circulation are coins with denominations of 1, 5, 10, 50, 100, 500 yen. Just use the paper notes of 1000, 2000, 5000, 10000 yen. 2000 entered into circulation yen series E nominal value of 2000 units. These notes were the first where he used protection in the form of the constellation Evryone. In 2004 started to issue notes of a series F in denominations of 1000, 5000, 10000 units. Data notes were made using the most modern technologies.
Yen on Forex (JPY)
One of the major currency pairs Forex is USD/JPY. Ein is a reserve currency, although its importance is decreased. However, it is still considered by investors as the object of investment in periods of economic instability in the world. Of course, the volume of purchases compared to the U.S. dollar or gold, but, nevertheless, they are significant. The USD/JPY is a pair that has high volatility. Tool is relatively quiet and quite large volumes of trade between a given pair enable brokers to establish a small spread value.
USD/JPY is rarely used in the short trade, because of the low volatility of the currency pair. In addition to the dollar, the yen is often used along with the Euro and the pound sterling. The instruments are EUR/JPY and GBP/JPY have much larger spreads than a dollar a pair.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 268
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