The yen (円 en / ien'e?) (sign: ¥; code: JPY) is the currency of Japan. It is the third most-traded currency in the foreign exchange market after the euro and the United States dollar.[citation needed] It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万) in the same way as values in Western countries are often quoted in thousands.

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Thursday, April 2, 2009

FOREX-Yen, dollar pare losses on caution before US jobs

TOKYO, April 3 (Reuters) - The yen and the dollar trimmed losses after hitting multi-month lows on Friday on renewed risk appetite, as caution set in ahead of U.S. employment figures due later in the day.
G20 leaders clinched a $1.1 trillion deal on Thursday to counter the worldwide economic crisis and the United States said it would change accounting rules to allow banks more flexibility in valuing toxic assets. [ID:nL1230573] [IDn:nN02355900] [.N]
Both developments improved investors' appetite for risk and weighed on the Japanese and U.S. currencies on Friday, with the yen hitting a 5-½ month low and the dollar a three-month trough versus the Australian dollar in early trade.
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