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When you want to start betting on sports from Japan, you likely want to deposit, bet and withdraw Japanese Yen to avoid currency exchange fees. Find out which betting sites offer Japanese Yen accounts accounts.

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 five great choices listed below. bet365, William Hill and Pinnacle 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.

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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.