Is the official currency of Japan. It is the 3rd most traded in Forex after the US dollar and the Euro. It is widely used as a reserve currency (a widely held currency that provides market liquidity / used to pay for international transactions). Composition of OfficeMax foreign exchange reserves in 2009:
1 62.2% USD
2. 27.% Euro
3. 4.3% GBP
4. 3.0% YEN
5. 0.1% Swiss Franc
The meaning of the word yen refers to the shape of a coin "round object".
