Currency is a system of money in general use within a particular country or economic region, serving as a medium of exchange for goods and services. It enables trade by providing a standardized unit of value that can be easily exchanged, measured, and recognized. Currencies can take various forms, including coins and banknotes issued by a government or central authority, as well as digital currencies or cryptocurrencies that operate through electronic means. Each currency is often identified by its name and symbol, such as the US dollar (USD), the euro (EUR), or the Japanese yen (JPY). Currency plays a crucial role in economic transactions, as it facilitates pricing, value storage, and international trade. It is influenced by factors such as supply and demand, economic stability, and monetary policies.
Market Overview The Japanese yen is currently hovering around 154.80 against the dollar. During the trading session, it experienced a dip, dropping to 154.47, but the declines halted just shy…