Japan

JPY - Japanese Yen
Convertible: Yes - Transferable: Yes - Exchange rate regime: floating
Japan

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)

EUR/JPY parity: liquidity schedules (GMT)

Did you know?

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 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.

Regulations

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

 

Expert opinion

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
National Foundation Day OBS 12 February Autumnal Equinox Day OBS 24 September
Vernal Equinox Day 21 March Health-Sports Day 8 October
Showa Day OBS 30 April Culture Day 3 November
Constitution Day 3 May Labor Thanksgiving Day 23 November
Greenery Day 4 May The Emperor's Birthday OBS 24 December
Children’s Day 5 May Bank Holiday 31 December