What is the Euroyen?
The Yen is the Japanese currency, the Euroyen refers to any deposits of Yen which are held by an international bank out side of Japan.
Uses of the Euroyen
Holding Japanese Yen can have the potential of obtaining greater interest returns for the investor due to conversion rates.
Risks of the Euroyen
Taking a position either long or short will have the risk of the underlying banks. These banks will determine the rate which they lend to each other, affecting the rate at which the index will climb or fall.