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The Japanese Yen is the third-most-traded currency in the Forex market after the United States dollar ($; USD) and the euro (€; EUR). Symbolized by "¥" and under the code JPY, it is an international reserve currency. The Yen is known for its relatively low interest rates compared to other major currencies, making it a popular currency for carry trades. It is also considered a safe haven currency, meaning that investors often seek to hold Yen during times of economic uncertainty.
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