Cryptocurrency Q&A
Why is yen so valuable?
Why is yen so valuable?
DavidLee
Thu Nov 14 2024
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7 answers
1224
I've been wondering why the yen seems to hold such significant value, especially compared to other currencies. Is it because of Japan's strong economy or are there other factors that make the yen so valuable?
7 answers
CryptoBaron
Sat Nov 16 2024
The demand for the yen, for instance, is influenced by multiple factors.
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Giuseppe
Sat Nov 16 2024
One significant determinant is the desire of foreigners to purchase goods and services in Japan.
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Raffaele
Sat Nov 16 2024
When foreigners have a high demand for Japanese products, it increases the demand for the yen.
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EmeraldPulse
Sat Nov 16 2024
Additionally, their interest in investing in Japan also impacts the yen's value.
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CryptoWanderer
Sat Nov 16 2024
Determinants of value play a crucial role in understanding currency appreciation or depreciation.
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