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The Japanese Yen is the official currency of Japan, given value by the region’s central bank. The Rial can be broken down into 100 Sen and was first used in 1872. Traders investing in the JPY currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources. Interest rates for the Yen are low historically, so traders often use it as a funding currency in carry trades.