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USD-JPY / US Dollar to Japanese Yen


Currency converter is the easiest, fastest and best way to convert between any two currencies. Why waste your time searching for live currency rates online when you can use this simple, easy tool to save time and money converting currencies. The calculations are done instantaneously so you can view up-to-the minute currency movements and be sure that you always get the same result as what you see in the news.

More About USD-JPY / US Dollar to Japanese Yen

Continue reading to learn more about:

What exactly is currency?
What factors influence the USD/JPY exchange rate?
What are the similarities between the US dollar and the Japanese Yen?
What's the difference between the USD and the JPY?
What exactly is foreign exchange?
More information on the US Dollar to Japanese Yen


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What exactly is currency?


Currency is a general term for coins, paper money and Bank notes of the same denomination. Currency that is physically used in the everyday life of a country is known as legal tender. In the United States legal tender includes paper currency and other coins that are allowed by law to be used in transactions with others. The American Dollar is commonly accepted as currency throughout the nation and the world.


 
 

What factors influence the USD/JPY exchange rate?


The USD/JPY exchange rate is the price for which the United States Dollar can be exchanged for Japanese Yen. It is also the rate at which banks and dealers in foreign exchange buy and sell currency depending on liquidity and supply/demand.

A variety of factors influence the US dollar to Japanese yen exchange rate include interest rates, inflation levels, economic growth and financial market factors for both countries. These and other factors can impact the US dollar to Japanese yen exchange rate and change it on a daily basis.

 

What are the similarities between the US dollar and the Japanese Yen?

The U.S dollar and the Japanese yen are both fiat currencies and are used as the de facto currency in their respective countries. The Yen is also one of the only currencies along with the dollar, euro, pound sterling to trade in foreign exchange markets without a central bank.

What's the difference between the USD and the JPY?

The USD and JPY are the the major currencies used in United States and Japan, respectively. The USD is also known as the American dollar and the JPY is also known as the Japanese yen. While both are considered major currencies, they are not always converted at the same value. This disparity can be attributed to a number of factors, including current political realities between both countries as well as inflation and GDP.
 
  • What exactly is foreign exchange?

    Currency exchange or foreign-exchange trading is the act of buying one currency with another. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In other words, it is the price at which you can get foreign currency in exchange of your local currency.
  • More information on the US Dollar to Japanese Yen

    The US Dollar to Japanese Yen is the official currency exchange rate from the United States dollar to the Japanese Yen. The USD/JPY represents how many Yen can be exchanged for one US dollar. It is always best practice to check the USD/JPY regularly if you are planning a trip to Japan.