The Japanese Yen is a major global currency and the third most traded currency in the foreign exchange (forex) market, after the US Dollar and the Euro. As Japan has one of the world’s largest economies, the Yen plays a vital role in international trade and investment. It is also a popular reserve currency, often used as a safe-haven asset during economic uncertainty. The Yen’s value is influenced by Japan’s economic policies, trade balance, interest rates, and global market trends.