Japanese Yen

• 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.

• 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.

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

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