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Divisor

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For foreign exchange in Japan is certainly a foreign exchange, not money but is, for U.S. dollars is common in the United States. Unlike the case of securities, on the other hand, foreign exchange settlement system that special something that did not exist. If the transactions in U.S. dollars and Japanese Yen exchange, like a normal inter-bank payments are cash payments through the payment system. Like the ordinary course of inter-bank payments, payments of foreign exchange for a special mechanism is not necessary so. For the Japanese Yen in Japan, therefore, be settled in the United States is money, so the dollar, Divisor, and a bank in another bank, the system will be settled through cash payments. Japanese Yen in Japan is cash, so that the foreign exchange.

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