Free Dollar Yen Live Chart.The yen (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. 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) in the same way as values in Western countries are often quoted in thousands.
Such a quotation depicts how many units of the counter currency are needed to buy one unit of the base currency. For example the quotation EUR/USD 1.2500 means that one euro is exchanged for 1.25 US dollar. If the quote moves from EUR/USD 1.2500 to EUR/USD 1.2510, the euro is getting stronger and the dollar weaker. On the other hand if the EUR/USD quote moves from 1.2500 to 1.2490 the euro is getting weaker while the dollar is getting stronger.
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