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.


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.

  1. Eurocurrency

    Currency deposited by national governments or corporations in ...
  2. Eurocurrency Market

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

    U.S.-dollar denominated deposits at foreign banks or foreign ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  6. Brazil, Russia, India And China ...

    An acronym for the economies of Brazil, Russia, India and China ...
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