The Japanese yen is the third most-traded currency in the world and a classic safe-haven that investors often buy during market stress. Its value is shaped by the Bank of Japan's policy, long known for very low interest rates, the interest-rate gap with other countries, and global risk sentiment. The yen is also central to the 'carry trade,' where investors borrow cheaply in yen to invest elsewhere, which can amplify its moves. Because one dollar buys many yen, USD/JPY is usually quoted as yen per dollar. The rate on this page is the live yen-to-US-dollar value from the same feed Coinvertor uses in the app.

Japanese Yen price FAQ

Why is the yen called a safe-haven currency?

Investors tend to buy yen during market turmoil because Japan is a large creditor nation with deep, stable financial markets, which can lift its value when risk rises.

What is the yen carry trade?

Because Japanese interest rates have long been very low, investors borrow yen cheaply to invest in higher-yielding assets elsewhere, a strategy that influences the yen's moves.

How does Coinvertor show the yen price?

This page shows the live value of one yen in US dollars; in the app you can convert any amount of yen to dollars, crypto, and 500+ currencies.

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