Type of transactions
|FX Spot||FX Forward|
|Delivery date : J; J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/JPY parity: liquidity schedules (GMT)
Did you know?
- 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 does not intervene directly on the foreign exchange market, but it closely monitors the evolution of its currency.
Features and highlights
- The Yen is the 3rd most processed currency in the world: as such it is part of the "majors". It is also the most liquid currency of all Asia.
- During the Fukushima earthquake (2011), the Yen had tended to appreciate sharply: markets were anticipating overseas remittances from Japan for reconstruction.
There are no particular restrictions on the purchase and sale of JPY.
The Japanese currency has been used as a safe haven for a few years, so it has tended to appreciate in times of market stress.
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
|Holidays 2018 (subjet to modifications)|
|New Year’s Day||1 January||Marine Day||16 July|
|Bank Holidays||2-3 January||Mountain Day||11 August|
|Coming-of-Age Day||8 January||Respect-for-the-Aged Day||17 September|
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|Vernal Equinox Day||21 March||Health-Sports Day||8 October|
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