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What Forex Traders Need to Know About the Yen

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  • The Yen is one of the world's most-traded currencies on the foreign exchange market, commonly referred to as "forex."1
  • Currency rates are notoriously difficult to predict, and most models seldom work for more than brief periods of time.
  • Although Japanese domestic debt can be high, the Yen is often seen as a safe-haven investment.2
  • Trading the Yen is notoriously difficult, and should only be attempted by seasoned traders.

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As a history lover, I found out that the word 'yen' means 'circle' or 'round object'...it was officially adopted as a currency back in 1871 by the Meiji government! I have a particular interest in the Yen, so thought I'd share what I learned..
a very brief introduction to what JPY is in forex👍

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