Investor Glossary-yenInvestor Glossary-yenInvestor Glossary-yenInvestor Glossary-yenInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Yen

The HTML to link to this page
 

The yen is the currency of Japan. Japan's New Currency Act of 1871 introduced the yen as Japan's official currency in 1872. The yen replaced the mon, Japan's previous currency. JPY is the currency code for the Japanese yen. is the symbol for the Yen. After World War II, the yen had lost significant value so in 1949, the yen was pegged to the US Dollar. At that time, the Bretton Woods system established that 1 US$ would equal 360. In 1973, the Yen became a free floating currency. The Bank of Japan (BOJ), Japan's central bank, is responsible for Japan's monetary policy and distributes the yen. The yen, along with the US dollar and the euro is one of the major currencies trading on foreign exchange (Forex) markets.



Rate this Yen definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use