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

Yen extends downtrend against most majors

(RTTNews) - The Japanese yen extended previous session's downtrend against most of its major counterparts during early Asian deals on Friday. The yen was worth fresh multi-month lows of 146.87 against the British pound and 87.93 versus the Swiss franc at about 6:00 pm ET, compared to yesterday's New York session close of 146.60 and 87.80, respectively. Against the euro, the yen ticked down and touched a multi-day low of 134.21 by about 6:00 pm ET.
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