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

Japanese Yen extends downtrend against majors

(RTTNews) - The Japanese yen lost further ground across the board in early Asian trading on Friday. The yen plunged to new multi-month lows of 87.99 against the Swiss franc, 146.99 against the pound, 58.51 against the New Zealand dollar and 71.67 against the Australian dollar by 7:30 pm ET. Against the currencies of Europe and Canada, the yen plummeted to a 10-day low of 134.34 and 80.64, respectively. The yen also eased to 99.82 versus the US dollar by this time, just a few pips away from its century mark.
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