The JPY/INR symbol represents the Asian currency pair which trades the Japanese yen against the Indian rupee. This is a very interesting forex pair as it is heavily influenced by the market sentiment, owing to the INR's status as an emerging market currency and the JPY's status as a popular safe haven currency. The INR is a volatile currency that strengthens when markets trade with a risk-on sentiment, boosting investors' risk appetite and encouraging them to trade currencies with high fluctuations. In such times, the currency pair trades bearish, causing the exchange rate of JPY/INR to weaken.On the other hand, during a risk-off mood in the markets, this pair turns extremely bullish as investors sell off the riskier INR and make their way towards the perceived safety of the JPY instead, strengthening the JPY/INR’s currency rate. In terms of heightened economic or geopolitical uncertainty, the Japanese yen shines as one of the safest currencies to park investments in, owing to the ultra-loose monetary policy and negative interest rates, as well as because of Japan's status as the world's third largest economy.The JPY is among the more stable currencies in the forex market while the INR is considered more volatile. The Indian rupee's value was pegged to the GBP between 1927 and 1946, and then to the US dollar until 1975. In 1975, the currency was devalued but its value remained fixed against a basket of four leading currencies.