Glossary

Back
Yen
This is the national currency of Japan. It was introduced into circulation in 1872 and now is one of the major reserve currencies (see) the world. That Yen is valuable to many private investors (see) and even large companies prefer to keep their savings in it. Together with the dollar (USD/JPY), it is one of the most popular currency pairs (see) on the Forex market (see). Please note that this pair is very sensitive to any political changes that are reflected by sharp jumps of the course (see). In addition, projections about the behavior of this pair are often wrong, so novice traders are advised to trade on it with greater care.

Back to list

Citadel of Trading