If you want to bet on Japanese Baseball, the J-League or any other major sporting
event around the world, most betting sites will serve Japan but few offer Yen betting
accounts. If you want to avoid losing 5% of each deposit and withdraw due to currency
exchange, there are two choices listed below. bet365 and William Hill also offer
their websites in Japanese in addition to English.
Skrill and Neteller are popular e-wallet payment solution providers that offer Japanese
Yen account balances to complement your JPY sportsbook account so you may avoid exchange
fees. These e-wallet providers are accepted at most betting sites.
About the Japanese Yen
The yen with symbol ¥ and three-letter code 'JPY' is the official currency of Japan.
It is the third most traded currency in the foreign exchange market, only after
the US dollar and the Euro. The foreign currency that is most traded against the
Yen is the Euro. Convert JPY to EUR now.
Japanese Yen History
The Yen was introduced in 1871. The Bank of Japan was established in 1882 and was
charged with the monopoly on controlling the money supply. Prior to the Yen, each
of Japan's feudal fiefs issued their own currency. After World War II, the Yen lost
much of its value. As such, in 1971 the Yen was pegged to the US Dollar at a rate
of 308 JPY to 1 USD. By 1973, it returned to free floating status trading on world
currency markets.
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