What is japanese peso?

• Japanese peso is not a real currency. The currency used in Japan is the Japanese yen.
• The Japanese yen is abbreviated as JPY and is represented by the symbol ¥.
• The yen is the third most traded currency in the foreign exchange market after the US dollar and the euro.
• The Bank of Japan is responsible for issuing and regulating the yen.
• The yen is used not only in Japan but also in some other countries and regions like the Marshall Islands, Micronesia, and Palau.