JPYC becomes Japan’s first yen pegged coin which will be backed by Japanese government bonds and through domestic savings.

Analysts tell CNBC that the upcoming elections in Japan, strong growth indicators in the U.S., and still high rate differential between U.S. and Japan is pressuring the Japanese currency.

The weakness of the Japanese yen is in the spotlight again after its latest tumble in value. On Monday, the currency sank to 160.17 against the US dollar, its lowest since April 1990.

All alternatives have drawbacks that limit their global role. What follows is the story of one such major currency—the Japanese yen—and why it failed to take the dollar’s throne.

Tokyo spent 9.8 trillion yen ($61 billion) intervening in the foreign exchange market in end-April and early May, after the Japanese currency hit a 34-year low of 160.245 per dollar on April 29.

All alternatives have drawbacks that limit their global role. What follows is the story of one such major currency—the Japanese yen—and why it failed to take the dollar’s throne.

Japan 's economy has not had a good 2024, to say the least. It entered a short recession in February and now is dealing with a crisis surrounding the nation's currency, the yen.

Traders are scrutinizing every word from Japanese currency officials with renewed intensity as nine straight days of declines in the yen increases anxiety over the risk of intervention in the market.

Japan announced on Thursday that it had intervened to prop up the value of the yen for the first time in 24 years, seeking to stanch the currency’s continuing slide against the dollar. The yen ...

Japan's government said it was ready to take action if "rapid, one-sided" moves in the currency market continue, signalling their alarm over the yen's fall to a fresh 24-year low.

Currency intervention would also require informal consent by Japan's G7 counterparts, notably the United States if it were to be conducted against the dollar/yen.