The Japanese Yen (JPY) is the official currency of Japan. It is one of the most traded currencies in the world and is symbolized by "¥". The yen is subdivided into 100 smaller units called sen, although sen are rarely used in everyday transactions. The currency is issued by the Bank of Japan, which is responsible for managing monetary policy in the country. The JPY is often considered a safe-haven currency, meaning that during times of economic uncertainty, investors tend to buy yen to protect their assets. Its value can be influenced by various factors, including Japan's economic performance, interest rates, and global market trends.