The symbol "¥" represents the currency of Japan, known as the Japanese yen. It is used in financial transactions and is one of the most traded currencies in the world. The yen is subdivided into 100 smaller units called sen, although sen is rarely used in everyday transactions. In addition to Japan, the "¥" symbol is also used for the Chinese yuan, which is the official currency of China. While both currencies share the same symbol, they are distinct and have different values and exchange rates. Understanding the context is essential when interpreting the "¥" symbol.