This pair specifies how many Japanese Yen are needed to purchase one Swedish Krona. This pair is often considered a 'risk' sensitive currency as historically investors have been attracted to the yield differential offered. This can often translate into a notable correlation between this pair's move and trends in global equity trends. The Krona is often treated as an investment currency for the European region while the Japanese Yen
is a 'funding' currency for carry trade, leading to the distinct preference when sentiment rises and falls.