JPY (Japan yen)

After World War II the rate of Japan yen was defined by American occupation administration and made 360 yens for one US dollar. In 1995 that rate raised to 80 yens and finally became stronger in the second half of 1998.

It is worth mentioning that Japan rates of interest of nowadays are extremely low and are kept by the Bank of Japan nearly at zero level, so that’s why national pension funds and investors invest their money in foreign securities like American national bonds and European assets.

Though Yen yields to US dollar and Euro as a reserve currency and an instrument for international payments it remains one of the main currencies for financial markets.