Enter the amount to be converted in the box to the left of Japanese Yen. Use "Swap currencies" to make United States Dollar the default currency. Click on United States Dollars or Japanese Yen to convert between that currency and all other currencies. The Japanese Yen is divided into sen. The United States Dollar is divided into cents. The JPY conversion factor has 6 significant digits.
Exchange Rate Japanese Yen to US Dollar (Currency Calculator) - X-Rates
It is the third most traded currency in the foreign exchange market after the United States dollar and the Euro. The concept of the yen was a component of the late- 19th century Meiji government's modernization program of Japan 's economy, which postulated the pursuit of a uniform currency throughout the country, modelled after the European decimal currency system. Before the Meiji Restoration , Japan 's feudal fiefs all issued their own money, hansatsu , in an array of incompatible denominations. The New Currency Act of did away with these and established the yen, which was defined as 1. The former han fiefs became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation, the Bank of Japan was founded in and given a monopoly on controlling the money supply.
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