Precious metals investment terms A to Z

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Yen

The yen is the currency of Japan, officially adopted in 1871. The currency is managed by the Bank of Japan, based in Tokyo. Its international code is “JPY”. Just like the U.S. dollar or the euro, the yen is fiat money. Since it is a currency of one of the largest economies in the world, the yen is used as a reserve currency along with the U.S. dollar, the euro, and the pound sterling. It is also the third most traded currency in the foreign exchange market, after the greenback and the euro. Indeed, it is the second most widely held currency, after the U.S. dollar. The USD/JPY is also one of the most popular pairs forex trading.

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Yield curve

The yield curve is a curve, which shows yields for similar bonds but with different maturities. It is a useful economic indicator, which shows the relation between different interest rates. Normally, yields rise as maturity gets longer due to the risks associated with time, meaning that the slope of the yield curve is positive (see the chart below).

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