Japanese Yen

JPY

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURJPY

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USDJPY

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GBPJPY

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CHFJPY

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AEDJPY

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AUDJPY

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CADJPY

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CNYJPY

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CZKJPY

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DKKJPY

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HKDJPY

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ILSJPY

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JPYHUF

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NOKJPY

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NZDJPY

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PLNJPY

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RONJPY

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SEKJPY

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SGDJPY

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Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • The Bank of Japan (BoJ) is the central bank of the Japanese archipelago. Its main objective is to ensure non-inflationary growth and maintain the stability of the country’s financial system.
  • Price setting method: the exchange rate is floating. The BoJ intervenes directly in the foreign exchange market only in exceptional situations, but it closely monitors the evolution of its currency.
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Features and highlights

  • The yen is the third most transacted currency in the world: because of this, it is categorised as one of the “major” currencies. It is also Asia’s most liquid currency.
  • During the Fukushima earthquake (2011), the yen tended to appreciate sharply: markets were anticipating overseas remittances from Japan for reconstruction.
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Expert opinion

  • The Japanese currency has been used as a safe haven for several years, so it has tended to appreciate in times of market stress.
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Regulations

There are no particular restrictions on the purchase and sale of JPY.

Important Information

PAYMENTS IN JPY TO JAPAN

The following information is required:

  • BIC Code of the beneficiary bank
  • Full name, address and account number of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year’s Day 1 Jan
National Foundation Day OBS 12 Feb
Showa Day OBS 30 Apr
Greenery Day 4 May
Marine Day 16 Jul
Respect-for-the-Aged Day 17 Sep
Health-Sports Day 8 Oct
Labor Thanksgiving Day 23 Nov
Coming-of-Age Day 8 Jan
Vernal Equinox Day 21 Mar
Constitution Day 3 May
Children’s Day 5 May
Mountain Day 11 Aug
Autumnal Equinox Day OBS 24 Sep
Culture Day 3 Nov
The Emperor’s Birthday OBS 24 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide