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Yen

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Description

The currency of Japan, often involved in carry trades due to historically low interest rates.

The Yen is Japan’s official currency, symbolized as ¥. Due to Japan’s historically low interest rates, the Yen is frequently used in carry trade strategies where investors borrow in Yen to invest in higher-yielding currencies. This practice can influence the Yen’s value, making it a significant player in forex markets.

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