yen

For a long time, Japanese Yen was in Endaka; the value of Yen was high compared to other currencies. However, in 2012, the Government of Japan introduced a bold monetary policy called Abenomics, named after the Prime Minister Abe. Since then, Yen has been in ‘Enyasu’, weaker Yen tendency with Abenomics effect showing at the exchange rate of US$1=¥120, €1(Euro)=¥150, whereas it was previously US$1=¥80, €1=¥100. However, Japan’s exchange rate is still unstable being shaken by the devaluation of Chinese Yuan. So, it is very important to decide at what timing you would like to exchange your money to Yen for the best rate.