DEFINITION of 'Euroyen'

Japanese yen-denominated deposits held in banks outside Japan. Euroyen refers to all yen deposits held external to Japan, and does not specifically refer to yen deposits held in the European Union or Europe. It also refers to yen traded in the Eurocurrency market.

BREAKING DOWN 'Euroyen'

An example of Euroyen would be yen deposits held in U.S. banks, or banks in Asia. Like all eurocurrencies, Euroyen deposits fall outside the regulatory purview of the central bank that issued the currency, the Bank of Japan in this case. Therefore, Euroyen deposits may offer slightly higher interest rates than those available for yen deposits in Japan.

RELATED TERMS
  1. Euroyen Bond

    A Eurobond that is denominated in Japanese yen and issued by ...
  2. Eurocurrency Market

    The money market in which Eurocurrency, currency held in banks ...
  3. Interbank Deposits

    Any deposit that is held by one bank for another bank. In most ...
  4. Brokered Deposit

    A large-denomination bank deposit that is sold by a bank to a ...
  5. Eurocurrency

    Currency deposited by national governments or corporations in ...
  6. Foreign Deposits

    A deposit made at, or money put in to, domestic banks outside ...
Related Articles
  1. Personal Finance

    Where To Put Your Cash: Call Deposit Vs Time Deposit Accounts

    Time deposit accounts and call deposit accounts allow customers to earn higher interest in exchange for less access to their cash.
  2. Investing

    How Time Deposits Work

    A time deposit is an interest-bearing bank deposit that has a specific maturity date.
  3. Investing

    Explaining Term Deposits

    A term deposit (more often called a certificate of deposit or CD) is a deposit account that is made for a specific period of time.
  4. Investing

    What is a Demand Deposit?

    A demand deposit is any type of account where the money in the account may be withdrawn at any time without prior notice to the financial institution.
  5. Investing

    What is a Bank?

    A bank is a financial institution licensed to receive deposits or issue new securities to the public.
  6. Trading

    4 Types Of Indicators FX Traders Must Know

    By learning a variety of indicators, you can determine the right time and the right strategy to trade any given currency pair.
  7. Investing

    FXY: Should You Short the Yen?

    Discover several reasons why investors may profit from short selling the Japanese yen against the U.S. dollar.
  8. Trading

    How Does The Yen Affect American Finance?

    Although it has fallen to number four on the trading partner list, Japan and its currency have a large impact on the American economy.
  9. Personal Finance

    Explaining the Reserve Ratio

    Reserve ratio is the amount of cash a bank must keep in its bank vaults or deposit into a central, governing bank.
  10. Financial Advisor

    Why Banks Don't Need Your Money to Make Loans

    Contrary to the story told in most economics textbooks, banks don't need your money to make loans, but they do want it to make those loans more profitable.
RELATED FAQS
  1. What is the difference between a demand deposit and a term deposit?

    Understand the meaning of demand deposits and term deposits, and learn about the major differences between these two types ... Read Answer >>
  2. What are the Federal Reserve's guidelines on demand deposit accounts?

    Read about some of the Federal Reserve's requirements and guidelines regarding the treatment, safeguarding and processing ... Read Answer >>
  3. For what types of accounts are demand deposits available?

    Learn about the different types of accounts designated as demand deposit accounts, such as savings accounts and money market ... Read Answer >>
  4. How does the deposit multiplier affect a bank's profitability?

    Find out how a deposit multiplier affects bank profitability, how it increases the supply of money in the economy and why ... Read Answer >>
  5. What is the difference between LIBID and LIBOR?

    Both LIBID and LIBOR are rates primarily used by banks in the London interbank market. The London interbank market is a wholesale ... Read Answer >>
Hot Definitions
  1. Davos World Economic Forum

    The annual meeting of the World Economic Forum hosted at Davos—a small ski town in Switzerland—in January each year is among ...
  2. Smart Home

    A convenient home setup where appliances and devices can be automatically controlled remotely from anywhere in the world ...
  3. Efficient Frontier

    A set of optimal portfolios that offers the highest expected return for a defined level of risk or the lowest risk for a ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the ...
  6. Border Adjustment Tax

    A tax levied on goods based on where they are sold – exported goods are exempt from tax; those imported and sold in the ...
Trading Center